Amazon.com, Inc.: Prime, AWS, & All Major Factors That Inspired The Recent Growth! 

Amazon.com reported robust first quarter financial results in 2024, with revenue of $143.3 billion, a 13% increase year-over-year. However, the result excludes the impact of foreign exchange rates, which caused an unfavorable impact that reduced revenue by roughly $700 million. The company delivered higher than expected operating income of $15.3 billion, which is a 221% increase from last year, driven primarily by efficiency improvements and better customer experiences. Amazon’s stores division continues to refine its selection and expand its offering, driving up transactions, user engagement, and seller adoption. However, customers are trading down on price whenever possible, preferring to seek deals, which indicates cautious spending behavior due to the uncertain economic environment globally.