Amazon’s $200 billion sales year

Online shopping giant Amazon Inc has done a business of US$ 72.4 billion in the last quarter for 2018. The holiday season saw sales spike 20% compared to the previous year.

The company ended its annual revenue at U$ 232.9 billion for the year 2018.

However the company is seeing sales grow at 10% to 18% year on year which is still less compared to its past numbers. The company saw an annual profits of US$ 10 billion in 2018, the last three months Amazon made US$ 3 billion in profits.

Amazon’s cloud computing market saw a 45% sales jump that is US$ 25 billion of the total 232 billion. Jeff Bezos’s advertising firms silently competing with Facebook and Google too witnessed a double digit growth.

The remarkable journey of Amazon which reported consecutive losses after it invested back all its earning is noteworthy. Also during the past year Amazon increased minimum wages to US$ 15/ hour that benefited close to 350,000 employees.