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Amazon posts its biggest profit

Christian Fernsby ▼ | July 30, 2020
Amazon Inc on Thursday posted the biggest profit in its history.
Amazon shopping cart
Revenue   Amazon shopping cart
The company said revenue jumped 40 percent from a year earlier to $88.9bn.

Online store sales jumped 48 percent to $45.9bn in the second quarter.

Meanwhile, merchants paid Amazon to fulfill and sponsor their products in order to reach customers, resulting in a 52 percent and 41 percent jump in seller services revenue and other revenue such as from ads, respectively.