This might have a difference from what Glenn already posted.
wsj.com
Amazon’s Profit Run Continues, Bolstered by Sustained Demand
E-commerce giant’s first-quarter sales hit $108 billion, up 44% from year-ago period
The Future of Retail: How Will the Pandemic Change How We Shop?
How will the pandemic affect America’s retailers? As states across the nation struggle to return to business, WSJ investigates the evolving retail landscape and how consumers might shop in a post-pandemic world. (Originally published Nov. 16, 2020)
By
Sebastian Herrera
Updated April 29, 2021 5:20 pm ET
Amazon.com Inc. reported record quarterly profit as demand remained robust for its deliveries, cloud-computing and advertising businesses, capping a blockbuster earnings season for the world’s largest technology companies.
The Seattle company’s profits in the year since the pandemic started exceeded $26 billion, more than the previous three years combined. Net income from January to March more than tripled to $8.1 billion, and revenue of $108 billion far exceeded the average of analyst predictions on FactSet.
Amazon, Apple Inc., Facebook Inc., Google and Microsoft Corp. all reported significant gains in profits and revenue, underscoring how the pandemic has helped strengthen technology companies and put them increasingly at the center of daily life around the world.
Apple’s profit more than doubled to $23.6 billion due to higher sales of new, higher-priced iPhones as well as Mac computers and iPads. A surge in digital-ad spending lifted Facebook and Google parent Alphabet Inc., while Microsoft posted a 19% increase in quarterly sales as more customers turned to its cloud and videogame services while staying home during lockdowns.
Amazon said it expects sales from April to June to reach between $110 billion and $116 billion, which would mark three consecutive quarters with more than $100 billion in revenue.
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