Amazon's Q3 net profit of 10 billion boosts stock price

"We have a lot of storage capacity this month, but the storage capacity for next month has dropped sharply. Our sales volume has not decreased. Logically, the peak season will start next month, so we should have more storage capacity. Why is it reduced?"

"When I looked at it at the beginning of the month, the storage capacity in November was more than that in October, but by the end of October it was cut in half."

Regarding the inventory capacity issue in November, Amazon previously issued a related announcement:

In September, the inventory was released, and sellers began to prepare for the peak season. Then, starting from October 15th every year, Amazon would charge three times the storage fee. Now, it has begun to limit the inventory capacity in November? At least it has dropped by half? The old routine of the peak season - warehouse explosion and strikes have also "arrived as expected".

It is reported that this year's Black Friday and Cyber ​​Monday will see the strongest strike in history. At the "Make Amazon Pay" summit held in Manchester, UK, it was announced that Amazon workers will hold protest strikes in more than 30 countries around the world on Black Friday.

Amazon usually arranges more employees to participate in work during the peak season, and according to the search traffic in September this year and the Q3 financial report, this year's Black Friday and Cyber ​​Monday will also be a peak period for orders.

Recently, Amazon released its Q3 financial report for 2023. Amazon's total net sales in the third quarter were US$143.1 billion, up 13% from US$127.1 billion in Q3 2022, and its net profit was US$9.9 billion , up 241% from US$2.9 billion in Q3 2022.

Amazon's total net sales and net profit both exceeded analysts' forecasts, and its profitability has significantly increased. The number of sellers' orders in the third quarter also showed a significant increase, with average sales increasing by 21% from the second quarter and 76% year-on-year.

It is worth mentioning that as soon as Amazon announced its Q3 financial results, its stock price immediately rose, with its after-hours stock price soaring by 5.34%!

Amazon also said that it expects fourth quarter revenue to be between $160 billion and $197 billion, and operating profit to be between $7 billion and $ 11 billion . It can be seen that Amazon is confident about the performance of Black Friday and Cyber ​​Monday. Sellers should not be affected by other negative news, just go for it! Just do it!