Amazon today reported the highest ever first quarter earnings of any year, making $108.5 billion in net sales, a 44% increase year-over-year. Operating income doubled to $8.9 billion.
A day af ter Microsoft, Apple, Samsung, and other tech companies reported their quarterly financial results, Amazon today announced its quarterly earnings for t he first quarter of 2021 ending March 31. The company reported net sales of a whopping $108.5 billion, up by 44% compared to the same quarter last year. Operating income more than doubled year-over-year to $8.9 billion, with the company continuing to grow faster than ever during the pandemic. Net income stood at $8.1 billion, up from $2.5 billion in Q1 2020. The firm provided a few highlights that included subscription stats for its services and updates about its various support programs.
