Amazon says a 39% increase in sales delivered $52.9b (£40.31b) in the second quarter compared to $38.0b (£28.96b) sales income same time last year.
The Elite retailer in IRUK Top500 research, reports an international sales growth of $15k (£11k) in
the three months to June 30. This figure is up in comparison to $11k (£8k) global sales last year.
In a statement on 26 July Amazon says it expects to see sales growth between $54.0b (£41.15b) and $57.5b (£43.82) in its third quarter, up 23% and 31% respectively compared to last year.
These predictions are echoed in a report by eMarketer Retail. It forecasts Amazon’s online global sales to surge by 28% making it $394.23b (£300.43b) this year. The retailer’s UK online sales are expected to grow by 29%, delivering a $258b (£196b) worth of transactions.
Amazon’s sales now account for 68% of global and US sales, and its direct sales represent 32% of the same markets. In the US, Amazon is expected to see a 41% share of all online spending and 4.9% of all retail spending, both online and offline.
Andrew Lipsman principal analyst of eMarketer Retail comments on the findings: “Amazon’s powerful commerce engine keeps chugging along and is finally beginning to drop more to the bottom line."
"But the bigger story coming out of earnings is the significant margin expansion being driven by the acceleration in the cloud and advertising businesses. There’s still a lot of runway for both of these higher margin businesses, and with the rest of the business continuing to fire on all cylinders, the question now is whether we’ll see Amazon hit a $1 trillion market cap sooner rather than later.”
We previously reported on Amazon’s biggest selling Prime Day yet, despite reports on outage and strikes.
Photo credit: screenshot of amazon.com’s website