Amazon’s profits surged to $14.32bn in a fourth quarter marked by record holiday sales, the company said in its earnings report on Thursday, while also announcing an increase in the price of Amazon Prime membership to help compensate for rising operating costs.
In the three months ending in December 2021, sales for the e-commerce giant were up 24% from a sluggish third quarter to $137.4bn. Sales are also up 9% year-over-year from the same period in 2020.
