Amazon Revenues Climb 20 Percent to $72.4 Billion

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For the first quarter of fiscal 2019, Amazon is expecting net sales between $56 billion and $60 billion. While Amazon may have slowing growth and may still have traditional valuation metrics that are not easy to justify, many analysts and investors are believers of the long-term opportunity and outright dominance that CEO Jeff Bezos may deliver in the years to come.

VidMob uses another thriving part of Amazon's business, Amazon Web Services, which is a cloud computing system for enterprise customers.

"Alexa was very busy during her holiday season".

Amazon's net income in Q4 came to $3 billion, or $6.04 per diluted share, compared with net income of $1.9 billion, or $3.75 per diluted share, in the fourth quarter of 2017. Fast and free shipping helped the world's largest online retailer boost revenue by 20 percent.

With its new milestone, Amazon has reached the US$200 billion mark only 24 years after launching.

Net sales in North America, its biggest market, jumped 18.3 per cent to US$44.12 billion in the reported quarter.

CBS News' Irina Ivanova and Alain Sherter contributed reporting. Operating income increased to US$3.8 billion in Q4 2018, compared to US$2.1 billion in Q4 2017. The machine learning platform service Amazon SageMaker also had additional machine learning model development capabilities launched, namely, the AWS DeepRacer, which is a 1/18th scale fully autonomous race auto and can be supplied with codes that make it fully autonomous and the AWS Marketplace for Machine Learning, where developers can sell their work and use over 150 algorithms and models deployed directly to the Amazon SageMaker.

Overall, net sales for the fourth quarter rose 19.7 per cent to US$72.38-billion and beat the analyst average estimate of US$71.87-billion on the back of a strong holiday season, which includes the major USA shopping event Black Friday.

Percentages are a percentage of overall revenue. Physical stores, which is primarily comprised of Whole Foods, saw a 3% decrease in revenue year-over-year.

Amazon's widening profits are largely driven by the growth of its high-margin businesses, including its cloud, advertising and third-party seller services. If their calls are correct, Amazon's revenue ride might not be over yet.

The answer, Amazon said, is no. "And customers spoke to Alexa tens of billions more times in 2018 compared to 2017".

"Fourth quarter results are expected to reveal an ad player that is on its way to eventually challenge Facebook for the No. 2 spot", eMarketer analyst Monica Peart said in a statement ahead of the earnings announcement. That should please Wall Street, but also indicates that Amazon may not pursue as many new projects as it has before - though there are still plenty.

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