After Apple’s record-breaking fourth quarter, other giants of the industry do not fall behind. After Google’s record revenues, Amazon also announced record revenue and shares skyrocketed.
Amazon continues to grow
In the last quarter of last year, Amazon grew 9 percent while generating $137 billion in revenue. Revenue from cloud services increased 40 percent to $17.8 billion. Advertising revenues were $9.7 billion.
Amazon, which has partnered with the electric vehicle company Rivian for $ 1.3 billion, has reached $ 12 billion in revenue. The company’s first quarter revenue expectation is between 112-117 billion dollars.
Despite such huge revenues, Amazon, which is not satisfied, increases the price of its Prime service. Monthly subscription will be $14.99 and annual subscription will be $139. February 18 for new members and March 25 for existing members to start the price increase.
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