In the 4th quarter of 2018, Amazon reported a record $72.4 billion in revenues, which beat analysts’ expectations as well as its previous year’s 4th quarter earnings of $60.5 billion. Net income was $3 billion, which was also a record for a quarter, beating the previous year’s 4th quarter by over 50%. Since it was opened to the public for business selling books in 1995, Amazon has expanded into other lines of business, blindsided retail stores of virtually all kinds, putting many stores and chains out of business. Amazon has also expanded into other lines of business, such as web services, groceries, and media production and distribution. Amazon is currently working on adding several different healthcare services, creating Amazon Go! stores that require no checkout counters, and even building its own product delivery network.v
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