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E-commerce giant Amazon has announced that it has seen its most successful quarter of all time after its sales jumped 40% to $88.9 billion and its net income totaled at $5.2 billion. This is more than double the profits that were reported for the same period a year ago. The revenue generated from online sales during the quarter smashed analyst expectations, increasing almost 50% to $45.9 billion, and Amazon’s shares have increased by more than 5% to a whopping $1.5 trillion.

J&P Comments

Amazon’s success in terms of profits for their second quarter are likely a result of the E-commerce giant expanding its delivery capacity by 160% and hiring 175,000 new staff to keep up with the exponential demand.

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