- 25 October 2019
- Transport / Logistics Services
Net income for Amazon has fallen to $2.1 billion in the third quarter of the financial year from $2.9bn in the same period of 2018. Operating income also fell to $3.2bn in the quarter from $3.7bn in Q3 2018.
Net sales were up 24% to $70 billion as against $56.6bn in Q3 last year.
Jeff Bezos, Amazon founder and CEO commented:“We are ramping up to make our 25th holiday season the best ever for Prime customers — with millions of products available for free one-day delivery.
“Customers love the transition of Prime from two days to one day — they’ve already ordered billions of items with free one-day delivery this year. It’s a big investment, and it’s the right long-term decision for customers. And although it’s counterintuitive, the fastest delivery speeds generate the least carbon emissions because these products ship from fulfillment centers very close to the customer — it simply becomes impractical to use air or long ground routes. Huge thanks to all the teams helping deliver for customers this holiday,” he added.