Amazon Q2 sales up by 25%

Amazon founder Jeff Bezos briefly became the richest person in the world when there was a boost to the online giant’s share price after it revealed its Q2 net sales were $38 billion, up 25% on Q2 of 2016.

In a statement issued yesterday (27 July), Jeff Bezos, Amazon founder and CEO, said: “In the last few months, we launched Echo Show (our newest Echo device with a video screen), introduced calling and messaging via Alexa on all Echo devices, debuted Inside Edge on Prime Video (the first of 18 Indian Original Series), introduced Amazon Channels in both the U.K. and Germany, launched four new Fire tablets, expanded Amazon Fresh to Germany, launched Prime Now in Singapore, launched our 25th airplane with Prime Air, hired more than 30,000 new employees, opened three new Amazon Books stores, launched more than 400 significant AWS features and services, migrated more than 7,000 databases using AWS Database Migration Service, and held our third annual Prime Day — signing up more Prime members than ever before.

“It’s energizing to invent on behalf of customers, and we continue to see many high-quality opportunities to invest.”

The Q2 results sent Amazon’s share price rocketing and this meant that for a few hours, Bezos’ net worth was greater than Microsoft founder Bill Gates. This created some interesting media headlines, but overnight the Amazon share price settled back, sending him back to a ‘lowly’ #2 in the world. Given Amazon’s continual successes, Bezos is almost certain to be richer than Gates in the next year – and stay there…

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