Amazon dodged a coronavirus bullet in its second quarter, posting big gains in sales and operating income as shoppers around the world stayed home and did the bulk of their shopping online.
The online retail giant, which operates the Amazon Music streaming platform and is one of a small handful of tech companies in the "trillion-dollar club", reported net sales of $88.9 billion in the quarter ending June 30, 2020, beating analysts' expectations with a whopping 40 per cent improvement on the same period last year.
Also during the period, operating income almost doubled to $5.8 billion, up from $3.1 billion in second quarter of the previous year.