Of the company's total sales for Q4 2018, Amazon's online stores division brought in $39.822 billion Dollars (roughly $52.28 billion CAD).
Revenue was US$72.4 billion in the fourth quarter, the e-commerce giant said Thursday in a statement.
Shares of the company fell 1.1 percent to $1,700 in trading after the bell.
"We are getting more and more creative around getting efficiency up and getting our cost of acquisition down", Amazon's chief financial officer, Brian Olsavsky, told analysts on the company's quarterly earnings call on Thursday. $232.9 billion (crossed the $200 billion threshold for the first time). At the beginning of a year ago, eMarketer predicted Amazon would only do $2.8 billion in ad sales. Amazon posted earnings per share of $6.04 on net income of $3 billion, surpassing a projected $5.68 per share. For the full fiscal year 2018, Amazon Web Services grew at a robust 47 percent and accounted for the bulk of the company's profit.
Pentagon chief says Taliban talks have been 'encouraging'
Simultaneously a statement released from the Afghan Taliban also reiterated what Ambassador Khalilzad in his tweets had said. The Taliban has so far refused to recognize the legitimacy of the USA -backed government in Kabul, a major sticking point.
That investors seemed to focus more on the slowdown ahead rather than the record-setting quarter and year just completed that could mark a turning point in Amazon's story. Fees merchants pay Amazon to ship and advertise their products have fattened the company's once-thin profit margins. The company has more than 100 million Prime members globally. That figure came in below Wall Street's expectations. Those profits also help fuel Amazon's growing devices business, which includes smart-home and connected-car gadgets that operate on Amazon's voice-activated Alexa platform.
"Amazon's Q4 was impressive on multiple fronts, with the strength of AWSalmost becoming a "broken record" as it continued to generate nearly geometric sales growth with still-high margins, more than offsetting investment-impacted worldwide operating losses", said Charlie O'Shea, lead analyst for Amazon at Moody's. But its grand plans were thrown into chaos after the country implemented new e-commerce regulations, which some analysts believe could cut its growth in the market by as much as half this year.
Nicholas Hyett, analyst at Hargreaves Lansdown, said the online retailer was "tightening its grip" on its customers with add-on services such as Amazon Prime which offer free delivery and other benefits. Amazon has been expanding grocery delivery from Whole Foods stores, and the service is now active in more than 60 USA cities. Amazon had jumped back above Microsoft Corp., which is No. 2 in cloud computing, as the most valuable publicly traded company, with a market capitalization of US$840.4 billion. Amazon in October pledged to pay all of its warehouse employees at least $15 an hour, while eliminating some bonuses and stock awards.
Making Amazon more profitable still are ad sales.