Amazon is expected to post record of more than $100bn (£73bn) for the last three months of 2020, the first time it has reached that level in a quarter, after millions flocked to the site for Christmas shopping during the pandemic.
The online retail giant reports its fourth quarter results later on Tuesday, providing figures for a period which is normally strong for Amazon, given it includes Black Friday sales and the build-up to Christmas.
Amazon has previously said it expected revenues of between $112bn and $121bn for the period – as much as 38pc higher than last year. It was only in 2015 that annual revenues topped the $100bn mark.
Many people chose to shop online for their Christmas presents this year as cases of Covid-19 started rising, and a new more transmissible variant spread across the UK. Non-essential shops were closed in London the week before Christmas.