{"id":4344,"date":"2024-02-22T15:16:05","date_gmt":"2024-02-22T15:16:05","guid":{"rendered":"https:\/\/www.zonwizard.com\/blog\/?p=4344"},"modified":"2024-02-22T15:16:05","modified_gmt":"2024-02-22T15:16:05","slug":"amazon-2023-closes-well-for-the-company-and-its-sellers","status":"publish","type":"post","link":"https:\/\/www.zonwizard.com\/blog\/amazon-2023-closes-well-for-the-company-and-its-sellers\/","title":{"rendered":"Amazon, 2023 closes well for the company and its sellers."},"content":{"rendered":"

The publication of Amazon’s latest quarterly data<\/strong> coincided with a series of interesting announcements by the American company, which is preparing to expand its drone air deliveries to the European market in the second half of 2024.<\/p>\n

Let’s take a look at how the last period went for the e-commerce giant, which contribution sellers made to achieving corporate objectives<\/strong>, and what might change soon for international sellers.<\/strong><\/p>\n

<\/p>\n

Revenue Grows by 14%: The Role of E-commerce<\/strong><\/h2>\n

Starting with the top line of Amazon’s income statement, we see that quarterly net sales grew by 14% year-over-year to $170 billion, well exceeding Wall Street analysts’ projection of $166.2 billion. Even excluding favorable exchange rate effects, the increase in net sales was still 13% year-over-year.<\/p>\n

Of course, not all of Amazon’s mega revenue comes from the marketplace and sellers’ activity, although this is the predominant part<\/strong>. The e-commerce division indeed generated $105.5 billion in revenue, up 13% from the previous year in the North American market alone, and $40.2 billion in the rest of the world (also +13%).<\/p>\n

Amazon Web Services<\/h3>\n

The group’s cloud service<\/strong>, accounted for $24.2 billion, growing by 13% year-over-year and in line with Wall Street’s forecasts. This represents a slight increase compared to the previous quarter, where sales had grown by 12%, but a slowdown compared to the same period last year, when sales had increased by 20%.<\/p>\n

This slowdown isn’t entirely surprising: over the last year, AWS’s growth has decelerated<\/strong> as companies have cut back on cloud spending. However, the company has announced it is seeing a decrease in cost optimizations and that new workloads are increasing.<\/p>\n

It’s also important to remember that this period reflects the results of the holiday shopping season and the October Prime Day event, both of which joyfully exceeded the sellers’ expectations<\/strong>. “This fourth quarter represented a record holiday shopping season and wrapped up a solid 2023 for Amazon,” said CEO Andy Jassy in a statement.<\/p>\n\t\t\t\t\t