Amazon enjoyed its best ever quarter during lockdown, seeing its profits double and hit their highest level on record.
Amazon’s sales jumped 40 per cent to $88.9 billion during its second quarter helping it achieve a net income of $5.2 billion.
This was more than double the figure from the same period a year earlier and marks its best quarterly figure since the company was founded.
It also thundered past analyst expectations, with many anticipating meagre profits or even a loss after its chief executive Jeff Bezos warned it would spend $4 billion COVID-related expenses like PPE.
