The company had an unprecedented holiday season, with customers buying nearly half a billion items from small businesses in the United States, during Amazon’s biggest holiday shopping weekend, from Thanksgiving to Cyber Monday. This generated over $1 billion in sales over the five-day period.
Year-over-year, North America segment sales increased 14% – excluding changes in exchange rates -. Sales in the International segment decreased 8% to $34.5 billion and AWS segment sales increased 20% to $21.4 billion.
On the other hand, operating income decreased to $2.7 billion in the fourth quarter, compared to $3.5 billion in the fourth quarter of 2021.
These include charges for changes in estimates related to self-insurance liabilities, property and equipment impairment, operating leases, and estimated severance costs. These charges primarily affected the North American segment.
“We are also encouraged by the continued progress we are making in reducing our cost of service in the operations portion of our Stores business. In the short term, we are facing an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon,” Jassy shared.