Amazon, whose founder Jeff Bezos attended Donald Trump’s inauguration, is set to reap rewards after the US President removed a tax loophole that aided Chinese rivals Shein and Temu.
Amazon raked in over £50bn a month over the Christmas quarter Amazon raked in £150billion – or £50billion a month – over the Christmas quarter.
Dan Ives, managing director at Wedbush Securities, reckons Amazon could boost market share by up to 5pc, adding: ‘The best thing that ever happened to Amazon was Trump taking office.’.
The Amazon results came after fellow US tech titan Alphabet, the parent company of Google, posted annual sales of £280billion on Tuesday.
Amazon is set to unveil a new version of its ‘Alexa’ voice assistant, with AI used to have conversations with users, later this month.
