Bloomberg Businessweek has been following the ecommerce sector closely for the past few months, and today’s earnings report from ecommerce giant Amazon.com is just another example of the company’s growing influence.
The ecommerce industry is expected to account for roughly $5 billion of Amazon’s $50 billion revenue in the fiscal year ending March 31, 2018, according to a recent report from the research firm IBISWorld.
The report also noted that ecommerce sales grew 5% to $539 million last year.
That was a slight decline from the $531 million Amazon earned in the previous year, but still well above the $519 million reported in the first half of 2017.
While Amazon’s sales aren’t a perfect measure of ecommerce growth, they are one of the most valuable indicators for investors.
It’s important to note that Amazon’s earnings are based on the same revenue that was reported in its most recent earnings report, so the company isn’t necessarily comparing apples to apples in the way other retailers do.
Amazon has been making strides to improve its customer service and customer experience, so it’s not surprising that the company is now seeing positive sales growth.
Amazon’s revenue grew by $1.2 billion to $4.85 billion in the year ending June 30, 2018.
The company’s revenue in this period was $7.8 billion, which is a big jump from the previous fiscal year.
This was driven largely by growth in the online retail market, as well as the growth of Amazon Prime memberships.
Amazon also posted revenue gains in its ecommerce division, where the company posted sales growth of $3.4 billion.
This increased revenue from its fulfillment, online and retail stores combined brought Amazon’s total ecommerce revenue to $3,823 billion, up from $3 for the year prior.
Amazon was also one of many tech companies to report positive sales.
Netflix’s total sales grew by 8.7% to just over $14 billion, according the company.
Amazon Prime, which allows members to access a variety of Amazon content and discounts on other services, also saw a growth of 11.6%.
Netflix’s sales are projected to grow another 10% to over $16 billion this year.
Amazon isn’t the only tech company to see a boost from eCommerce sales.
Facebook saw a 20% increase in sales and revenue to nearly $11 billion.
The social media giant also saw sales growth in its video streaming and photo sharing business.
Google and Facebook are both expected to report more positive results this year, as they continue to roll out their own online services.
The industry is booming for ecommerce companies, and it’s an important part of their overall business.
With this kind of growth, it’s only a matter of time before ecommerce will become the dominant force in the marketplace.
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