Covid lockdowns are supercharging Amazon’s international business ...Middle East

Quartz - Economy

Amazon might seem an unstoppable force in the US, but the picture has often looked different overseas. For years, the company’s international expansion has lagged behind its growth in North America—that is until this most recent quarter.Amazon’s international sales surged to $37.5 billion in the last three months of 2020, growing 57% (pdf) compared to the same period the year before. They far outpaced the 40% growth in its North American revenues, which is still the bigger share of Amazon’s business with $75.3 billion in sales for the quarter.Prime Day’s move to the end of the year contributed to the overseas performance, CFO Brian Olsavsky said on a call with investors and analysts yesterda

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Last updated : 03 February 2021 clock 08:45 PM

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Covid lockdowns are supercharging Amazon’s international business ...Middle East

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