Amazon continues to expand its presence in the retail and consumer goods market with third-quarter financial results.
In addition to increasing net sales by 24% over this time last year, Amazon increased operating cash flow to $35.3, up 33% over 2018 figures. Much of this growth was a result of expansion in Amazon’s line of Echo devices, Fire TV products and content, as well as the proliferation of smart home devices powered by Alexa.
“We are ramping up to make our 25th holiday season the best ever for Prime customers — with millions of products available for free one-day delivery,” said Jeff Bezos, Amazon founder and CEO. “Customers love the transition of Prime from two days to one day — they’ve already ordered billions of items with free one-day delivery this year. It’s a big investment, and it’s the right long-term decision for customers. And although it’s counterintuitive, the fastest delivery speeds generate the least carbon emissions because these products ship from fulfillment centers very close to the customer — it simply becomes impractical to use air or long ground routes. Huge thanks to all the teams helping deliver for customers this holiday.”