The pandemic has devastated many businesses in the US, however Amazon.com (NASDAQ: AMZN) didn’t feel the same negative effects. The company’s sales and earnings rose in 2020 when employees turned to the e-commerce platform for many of their needs during blackouts.
As demand increased on Amazon’s e-commerce platform, so did the company’s share price, which rose 76% in 2020. But investors may be wondering what 2021 will mean for Amazon. Here are two things to keep in mind.
1. Strong ecommerce sales
Amazon’s sales rose 35% in the first nine months of 2020 and diluted earnings per share rose 68% as people spent more time shopping online. To keep up with all online orders, Amazon hired more than 400,000 people in just 10 months, adding …