Amazon sales hit $470bn in 2021

Amazon reported strong financial results for 2021, despite facing labour and supply issues during the period.

Last year sales jumped by 22 per cent to $469.8 billion compared to $386.1 billion in 2020.

Net income for 2021 increased to $33.4 billion in comparison with $21.3 billion in the previous year.

In the final quarter of the year, sales were up by 9 per cent to $137.4 billion versus £125.6 billion during the same period of 2020.

Profits nearly doubled from $7.2 billion in the previous year to $13.4 billion in the final months of 2021.

“As expected over the holidays, we saw higher costs driven by labour supply shortages and inflationary pressures, and these issues persisted into the first quarter due to Omicron,” said Andy Jassy, Amazon chief executive. “Despite these short-term challenges, we continue to feel optimistic and excited about the business as we emerge from the pandemic.”

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