New Delhi. Due to the continued boom in online shopping, Amazon posted another record quarter, with sales up 44 percent to $ 108.5 billion compared to the same quarter last year. Net income increased to $ 8.1 billion in the March quarter, nearly 3 times more than $ 2.5 billion in the first quarter of 2020. Which shows that in this era of epidemic, millions of people are shopping more online. Shares of the company rose more than 3 percent after Amazon released its quarterly results.
70% increase in streaming hours
Amazon said it expects revenue of between $ 110 billion to $ 116 billion in the second quarter (April-June). The outgoing CEO said in a statement that as Prime Video turned 10 years old, more than 175 million Prime members streamed shows and movies in the past year, and streaming hours grew by 70 percent. There are now over 200 million paid Prime members worldwide.
India to provide 10 lakh jobs by 2025
In a statement from Amazon, it has been said that by January 2020 in India, it has given about 300,000 direct and indirect jobs. At the same time, the company will provide 10 lakh additional jobs in India by 2025. Let us tell you that Amazon business has grown in the whole world including the US. Especially during lockdown. At the same time, in India, he is constantly trying to establish his feet. Amazon is also fighting a legal battle in India regarding future retail.