Amazon.com Posts $3B Profit For 2017; Cites Success Of Alexa Platform

Amazon.com posted a full-year profit of $3 billion ($6.15 per share) for 2017 on net sales of $177.9 billion, a sales increase of $41 billion year-over-year. Profit was up $600,000 over 2016. Fourth quarter profit was $1.9 billion ($3.75 a share) on $60.5 billion in sales, compared with a profit of $749 million ($1.54 a share) in the same period in 2016. The company also reported: five billion items shipped with Prime worldwide in 2017; Fire TV Stick and Echo Dot were the best-selling products in 2017; the Alexa Skills store now offers more than 30,000 skills; Alexa Voice Service (AVS) adoption among device makers continues to grow; and new tools and developer kits were introduced. “Our 2017 projections for Alexa were very optimistic, and we far exceeded them,” CEO Jeff Bezos said. [Image Credit: © Amazon.com ]