Amazon Inc. (NASDAQ: AMZN): A Stock that’s always a Better Buy
The e-commerce giant Amazon is a constantly rising company with a very tough potential. We can say this because, at the time of the coronavirus pandemic when so many companies incurred huge losses, this company continued to rise without fail. It is a stock that is perfectly suited for a long-term investment. It was amongst the best stocks even before the coronavirus pandemic began and during the pandemic, it rose fairly and faced hardly any declines. Amazon Prime: Rise in Subscriptions The price of the stock is however quite high but it is equally profit-giving as well. Amazon’s Amazon Prime subscriptions also increased this year because the cinema halls were closed due to the pandemic and the films were released via online platforms which gave a major boost to all the major online entertainment platforms. The increase in the number of subscriptions not only benefitted the earnings of Amazon but also the investors who invested in this company and received profits. Growth Rate and Statistics If we consider the previous quarter, then the revenue growth rate of Amazon hastened by as much as 37%. Amazon also recently stepped into the pharmacy business which has added more fuel to its growth. If we talk about the growth in the case of the income per share, it has risen by 68%. In the case of the operating earnings, these have risen by 17%. Overall, as compared to the last year, i.e. 2019, Amazon has only grown despite the coronavirus pandemic which became…
