Amazon Prime Day sale sees strong growth; Diwali sales off to a good start

New Delhi: E-commerce giant Amazon has said its Prime Day sale in August in India witnessed a strong growth and Diwali sales are also off to a good start.

The US-based e-retailer saw its net sales increasing 37% to $96.1 billion in the third quarter of 2020 from about $70 billion in the year-ago period. Its net income increased to $6.3 billion in the reported quarter from USD 2.1 billion in the year-ago period.

International segment revenue was at $25.1 billion in the September 2020 quarter, while profits earned from the segment grew to $407 million. Amazon’s international net sales stood at $18.3 billion in September 2019 quarter, and the segment registered a loss of $386 million.