Online shopping continues to boom amid pandemic, Amazon sales up 44 percent
Most people have now started online shopping amid the fast growing cases of Coronavirus. In such a situation, due to the continued boom in online shopping, Amazon has recorded another record quarter, with sales increasing by 44 percent (on year) to 108 points at $ 5 billion.
Earnings increased to $ 8.1 billion in the March quarter, up from $ 2.5 billion in the first quarter of 2020, indicating that millions of people are buying more online during this epidemic. Shares of Amazon climbed more than 3 percent in extended trading on Thursday. 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, "As Prime Video turns 10 years old, more than 175 million Prime Members have streamed shows and movies in the past year and the streaming hour has increased by 70 percent."
The company will provide 1 million jobs in India by 2025
Let us tell you that there are now more than 200 million paid Prime members worldwide. Amazon said that in India, it has given about 300,000 direct and indirect jobs by January 2020, while the company will provide one million additional jobs in India by 2025.
Amazon extended helping hand in the fight against Kovid-19
In the ongoing fight against India's Kovid-19, all enterprises including Facebook, Apple, Amazon, Oppo and Vivo are extending their support and supporting. These companies are supporting the country against the epidemic by providing facilities like oxygenators, breathing machines and ventilators.Amazon India said on Tuesday that it has acquired 100 ventilators through its global resources. They are being imported into the country immediately. Their aircraft are being imported into the country and they are expected to reach India in the next two weeks.
(With IANS input)