What if shopping on Amazon becomes the new norm? In addition to shopping in its market, users from around the world have become daily users of this technology giant, from watching movies to online shopping.

As a result, the world has become aware that working from home for a year has become a new norm that many people have become accustomed to. Small and large physical retailers have closed down, which is beneficial for Amazon.

In the first three months of 2021, the profit of this technology giant was $8.1 billion, higher than the $2.5 billion in 2020.

Record breaking in 2021

What if returning to normal means continuing online shopping? Since the end of the first quarter of 2021, many Western countries have returned to normal, and shoppers are taking time to shift from online shopping to offline shopping. For many of them, online habits may be preserved.

The pandemic may herald Amazon's "golden age," an analyst announced to the BBC.

In fact, revenue increased from $75 billion in the same period last year to $108.5 billion in the first three months of this year.

Amazon Streaming Services Improved in 2020

One new thing is the way Amazon provides services to its users. Although Amazon is known for its online shopping and fast delivery windows, it has grown during the pandemic, especially its streaming service "Amazon Prime Video", partly due to the restrictions imposed by the coronavirus on cinemas.

With Prime Video reaching the age of 10, over 175 million Prime members have watched programs and movies in the past year, with a year-on-year increase of over 70% in streaming time, "Jeff Bezos said at a press conference.

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Automatic delivery is the next step

In addition to the good news shared at the press conference, including a salary increase for its 500000 employees in the United States, Amazon has also announced new technologies for 2021.

The most anticipated is Amazon Scout, which has already operated in four states in the United States. It is described as a fully electric automatic conveying system that "rolls along the sidewalk at walking speed and delivers items directly to the customer," according to the BBC

This can enable millions of consumers to receive their goods faster. After sharing its performance, Amazon's stock price reached $3471, a significant increase from $2951 earlier this year.

The above content is considered market commentary information and should not be considered as independent investment research or investment advice.