Amazon joins $1 trillion club with Apple, Microsoft after robust Q4 results

Amazon joined the $1-trillion club with Apple, Microsoft and Alphabet after shares climbed nearly 11 per cent in extended trading as the retail giant reported $87.44 billion in sales – 21 per cent increase (Year-on-Year) — for its fourth quarter that ended on December 31, 2019.
Amazon’s Cloud business reported $9.95 billion in sales, up 34 per cent from the year-ago quarter.
Net income increased to $3.3 billion in the fourth quarter, or $6.47 per diluted share, compared with net income of $3 billion, or $6.04 per diluted share from fourth quarter in 2018.
Jeff Bezos, Amazon founder and CEO said that Prime membership continues to get better for customers year after year.