Net income increased to $8.1 billion in the March quarter, compared with net income of $2.5 billion in the first quarter of 2020, showing how millions of people now shop on the platform as pandemic continues to ravage the retail sector.
The company's cloud arm Amazon Web Services (AWS), generated sales of $11.6 billion for the quarter, up 29 per cent.
During the financial year 2020, over 2 million customers visited the company’s Hyderabad store and over 25 million visited online stores in the city, Mumbai and Pune
The new series is being launched at a time when the online smartphone market share in India is likely to hit an all-time high of 45 percent.
Amazon customers can select their preferred language across Android and iOS apps, mobile and desktop sites
With respect to categories, consumers reported an increase in purchase frequency for groceries and media while clothing and home improvements faced the steepest decline.
The sector has not just recovered its pent up volume but also shown great improvement with over 45 per cent growth in the overall order volume compared to pre-lockdown levels, said the report.
The report said that the Covid-19 pandemic has forced the consumer products and retail industry to review its core markets and operating model.
Walmart said on Thursday it wanted to reward them "for their hard work and dedication to serving customers in a time of an unprecedented national health crisis."
At least one in four (28.6 per cent) Indians have lost between Rs 15,000-Rs 20,000 as a result of fake online retail sites.
Online shopping now is not only limited to e-commerce portals, but also social media sites like Facebook, Instagram where sellers display attractive pictures of their merchandise and are instantly reachable for a prospective buyer.