Here is the latest summary of Amazon’s financial results and condition. Recent reports have indicated that Walmart is planning to go head-to-head with Amazon in the future. That should prove interesting! Just to give you some perspective of just how huge Walmart is, I looked at their 2014 operating income results: $39 BILLION dollars, with total revenue of $469 BILLION dollars.
So, if Walmart is serious about trying to take on Amazon, if I were Amazon, I’d be a bit on the nervous side!!
Amazon’s net sales increased 22 percent to $74.45 billion in 2013, as compared to $61.09 billion in 201, the company revealed today. The company’s net sales increased 20 percent to $25.59 billion in the fourth quarter of 2013, as compared with $21.27 billion in fourth quarter of 2012.
Amazon’s operating income increased 10% to $745 million, compared with $676 million in 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the year on operating income was $29 million. Net income was $274 million, or $0.59 per diluted share, compared with net loss of $39 million, or $0.09 per diluted share, in 2012.
“It’s a good time to be an Amazon customer. You can now read your Kindle gate-to-gate, get instant on-device tech support via our revolutionary Mayday button, and have packages delivered to your door even on Sundays,” stated Jeff Bezos, founder and CEO of Amazon.com.