On retail:
Demand for online shopping doesn’t appear to be slowing, with revenue from Amazon’s consumer business growing 39% in North America last quarter and 50% internationally.
Amazon now has more than 200 million paying subscribers to its Prime service worldwide. They’re streaming more videos, and are set up to deliver the company another windfall during its Prime Day promotional event later this quarter.
On cloud:
Amazon Web Services, which provides cloud computing services, posted net sales of $13.5 billion during the quarter, up 32% year-over-year.
And as more companies tap the technology to manage workers who are splitting time between their homes and the office, the outlook looks strong.