Amazon Reports $43 Billion in Fourth Quarter Sales

Online retail giant Amazon continues to draw consumers to its web-based shopping platform. The company announced its fourth quarter net sales revenue was $43.7 billion, up 22 percent from $35.7 billion in the fourth quarter of 2015.

During the fourth quarter of 2016, operating cash flow for Seattle-based Amazon increased 38 percent to $16.4 billion, compared with $11.9 billion during the same period in 2015. Free cash flow rose to $9.7 billion for the quarter compared with $7.3 billion in the year-ago period.

In addition to its sales increase, Amazon announced it will create more than 100,000 full-time jobs with benefits in the United States over the next 18 months. The jobs will be diverse in location, experience, and education.

Amazon expanded its booming business in New York City and across the country during 2016. The company teamed up with New York-based RCN Business through Amazon Web Services, offering customers a super fast connection up to 10-gigabits. The company will also open a retail store in the Time Warner Center near Midtown. A spokesperson for Amazon confirmed to the New York Times that the new store is expected to open in the Spring of 2017.

Monica Link

Monica Link

Monica Link, Publisher and Editor for New York City Wired, is a New York City-based multi-media journalist, entrepreneur and performer producing media including content, stage, film and events. Her resume includes interviews with celebrities, New York Times bestsellers, executives and fashion designers. Ms. Link is the founder of Link4Productions Media and Entertainment. The production company has produced sold out events with thousands of attendees, live theater written and produced by Monica Link, and technology and fashion media websites New York City Wired and Snobby Diva. Her performance credits include singing soprano with a Stellar Award nominated choir and theater stage actress. Monica also writes and serves as on on-air journalist. Her media writing and on-air work include Bold TV, National Mortgage News, Tribes art reviews, and the New York Observer.