AMAZON PROFITS TRIPLE DUE TO COVID LOCKDOWNS

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Amazon continued to cash in on the new work-from-home habits in the first three months of this year, reporting a huge rise in sales and a tripling of profits.

Almost every aspect of the Covid-19 pandemic has served to boost the tech giant’s revenues, from video streaming to grocery delivery.

It said it expects the boom to continue over the next few months.

Amazon’s are the latest blow-out results from Big Tech this week. Apple, Facebook, Microsoft and Google’s parent firm Alphabet have all reported big sales increases a year after the start of the Covid-19 pandemic.