Small and medium-sized businesses exceeded $1 billion in sales during Amazon’s Prime Day this year. The Instant Pot was the best-seller in the US. July 17 marked the biggest day for smart home product sales in the company’s history.
Amazon sees good strength in Amazon Web Services, and the company continues to make improvements in its grocery business with the help of Whole Foods. Amazon’s founder and CEO Jeff Bezos overtook Bill Gates last year to become the world’s richest man. Bezos’ net worth reached $150 billion earlier this week, making him the wealthiest man of our time.
Earlier this year, Amazon surpassed Microsoft (MSFT) to gain a position among the top three companies ranked by market value. Alphabet Inc. (GOOGL) has also managed to move ahead of Microsoft since then. After crossing the $900 billion mark briefly, Amazon’s value dipped to $886 billion on Thursday.
