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Amazon has reported sales of more than $100bn (£69.6bn) for the first time – up by a fifth on the previous year – as eBay reported declining sales.
Fourth-quarter and full-year figures showed that the US retail giant, which is the largest UK ecommerce trader and an Elite member of the IRUK Top500, turned in sales of $107bn (£74.5bn) in the year to December 31, 20% up on the previous year. The retailer moved into the black, with net income of $596m (£415.3m) from a loss of $241m (£167.9m), last year.
In the fourth quarter alone, net sales of $35.7bn (£24.9bn) were 22% up on the same period a year earlier, while net income of $482m (£335.9m) was up by 125% from $214m last time.
Highlights of Amazon’s fourth quarter included the launch of Amazon Pantry in the UK, and the expansion of Prime Now to 25 areas in the UK as well as the US, Italy and Japan. Prime Same Day launched in the UK.
During 2015, Fulfillment by Amazon shipped more than a billion packages for sellers, and payments via Pay with Amazon grew more than 150% year-on-year. Amazon Web Services (AWS) announced the availability of AWS IoT, a cloud platform designed to enable billions of connected devices, from mobile phones to cars and factory floors, to connect with cloud applications. By the end of the year there were 51% more paying members of the Prime subscription service than a year earlier. Membership, said Amazon, grew by 47% in the US and faster outside the US.