Amazon North American Sales Soar in Q1

Although it was closely watched for the manner in which it handled its artificial intelligence (AI) investments, Amazon dropped a stunner of a Q1 earnings report Tuesday (April 30), driven by a big spike in its North American operations. Its overall, global operating income grew from $4.8 billion in Q1 2023 to $15.3 billion in 2024.By the numbers, Amazon reported a net sales increase of 13% to $143.3 billion, up from $127.4 billion in the same quarter the previous year. This growth remained steady at 13% af ...