Amazon Has Record Q4 Earnings | What You Need to Know
Recently, Amazon made two huge announcements: the first surrounded its record-shattering Q4 earnings, and the second, of course, that Amazon founder and CEO Jeff Bezos plans on stepping down and transitioning into the role of executive chair. That being said, the most exciting news to Amazon sellers here in the United States is its Q4 earnings, which totaled $125.56 billion. Compared to the fourth quarter of 2019, Amazon’s net earnings were up 44%. Furthermore, with this data in mind, Amazon has also grown exponentially as a company over the last year in its entirety. In a press release, Amazon has also announced that its net sales increased 38% in 2020 to $386.1 billion, from $280.5 billion in 2019.
Of the successful year, Jeff Bezos said, “If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention.”
As you can see, with Amazon making record sales, there has never been a better time to become an Amazon seller. No matter where you are in the process, whether you are looking to start your business on Amazon or expand it, the experienced team at AVASK Group is here to assist you, every step of the way. If you have any further questions, feel free to give us a call today. We are always here to help ensure that your business is running optimally and at its fullest potential.
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If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.