Amazon net sales up by 20% in 2019
Amazon has released its full-year financial results for 2019, reporting a net sales increase of 20% on the previous year. The company’s financial results for 2018 showed a net sales increase of 31% on 2017.
The online global retailer earned net sales of US$280.5 billion (A$419.4 bn) in 2019, up from US$232.9 billion (A$348.2 bn) in 2018. Operating income increased to US$14.5 billion (A$21.7 bn) from US$12.4 billion (A$18.5 bn) in 2018, while net income increased to US$11.6 billion (A$17.3 bn) from US$10.1 billion (A$15.1 bn) the year prior.
According to the retailer, self-published authors earned over US$300 million (A$448.5m) from the Kindle Direct Publishing (KDP) Select Global Fund, amounting to over US$1.1 billion (A$1.6 bn) since the launch of Kindle Unlimited. In 2019 more than 1000 authors collected royalties of more than US$100,000 (A$149,500) through KDP.
Category: International news