Ever since Amazon’s earnings call this past Tuesday, the business world has been abuzz with one Amazon story and one story alone: Jeff Bezos is stepping aside as CEO and transitioning to the new role of Executive Chair. That bombshell news completely overshadowed the company’s impressive performance in fourth quarter and for the year ending December 31, 2020.
Fourth-quarter revenues were up 44%, largely due to moving Prime Day to October, with year-end rising 38% to $386.1 billion in total revenues. Net product retail sales made up over half of that total, or $215.9 billion, with service sales making up the rest, $170.2 billion.
