• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
Lonare

Lonare

Technology Blog

  • About Us
  • More
    • Apple
    • Android
    • Windows Phone
    • Iphone
  • Technology
    • Mobile
      • Apple
      • Android
      • Iphone
  • Reviews
    • Gadgets
    • Featured
  • Website
    • Design
  • Contact Us
You are here: Home / Company / Amazon reached 70 billion in revenue

Amazon reached 70 billion in revenue

February 1, 2019 By Harshall

You may not realise while doing daily online shopping how much a giant marketplace like Amazon makes in a quarter. Well, today Amazon posted Q4 earnings. They reported $72.4 billion in revenue, which is way more than, from last year’s $60.45 billion.

Extremely wealthy individual Jeff Bezos says:

A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.

Bezos became the world’s richest man which is based on the consistently increasing price of Amazon stock. Stats indicate that he rose $40 billion through the course of the year. Although his base salary is $81,840 a year which is quite modest for a person having a portfolio of $40 billion.

One of the best selling item on Amazon around the world was Echo Dot. This year customers have purchased millions of devices globally from Echo family compared to last year.

The CEO said:

The number of research scientists working on Alexa has more than doubled in the past year, and the results of the team’s hard work are clear.

The other spectrum of Amazon business is Amazon Web Services. Many of you might not know but Amazon is one of the worlds top cloud SAAS service provider.

Current operating income of Amazon Web Services is around $2.2 billion.

Analysts estimated this year Amazon will sell around $7.29 billion but beating that mark with $7.43 billion Amazon marked a healthy headstart from its last year sale of $5.11 billion.

All the numbers above look good but CNBC projected that 19.7 % revenue growth for the quarter is the lowest since 2015.

Amazon said that for there upcoming quarter their goal is between $56 billion and $60 billion, which is way below than what analyst expectations of $60.99 billion.

Filed Under: Company, Featured, Reviews, Technology, Thoughts

Primary Sidebar

Subscribe to get latest news updates

Search

Featured

Apple sells 10 million iPhone 6 and iPhone 6 Pluses

The history of chocolate – Deanna Pucciarelli

Turn Your Team into a Content Machine with a 20-Minute Weekly Meeting

Leveraging Tech Trends: When Should You Invest in New Technology to Win at Marketing?

The world’s most mysterious book

Why Nobody is Actually Reading Your Content – And What You Can Do About It

One Of The Best Ways Agencies & Freelancers Can Land Clients

How to Research and Optimize for Question-Type Queries to Boost Your Brand Search Visibility

OneNote for iOS and Mac lets you attach files

We Found the Sexiest gadgets on the Internet

The 5 New Watch Trends To Try Now

Terraform – Cross PaaS configuration management?

Modern Language Wars, PHP vs Python vs Ruby

21 Life Lessons from Steve Jobs

A brief history of goths

Categories

  • Agile
  • Android
  • API
  • Apple
  • Applications
  • Apps
  • Artificial Intelligence
  • Company
  • Data
  • Design
  • Development
  • Education
  • Electronics
  • Featured
  • Gadgets
  • Games
  • Iphone
  • Mobile
  • Other
  • Photography
  • Reviews
  • SEO
  • Startup
  • Technology
  • Thoughts
  • Uncategorized
  • Virtual Reality
  • Website
  • Windows Phone
  • Youtube

Powered by: Lonare | Guest Post | Email

Subscribe
This website uses cookies to ensure you get the best experience on our website. Find out more.