Amazon posts its highest-ever quarterly profit at $2.5 billion
Amazon reported its biggest quarterly profit in its 24-year history making a $2.5-billion profit for the April-June period, compared to $197 million last year. The jump was attributed to Amazon's ad sales, which generated $2 billion. Recently, the e-commerce giant crossed $900-billion market cap for the first time, trailing only Apple ($935 billion) as the world's most valuable company.