It was a happy holiday season at Amazon.com where fourth quarter profits more than doubled, sales increased 22% and the company handily surpassed annual sales of $100 billion for the first time.
Amazon.com said its net sales increased 22% to $35.7 billion in the
fourth quarter ended Dec. 31, 2015, compared with $29.3 billion in
fourth quarter 2014. With a $1.2 billion unfavorable impact from
year-over-year changes in foreign exchange rates, fourth quarter sales
would have increased 26%.. . . more