As Revenue Tops $380 Billion, Bezos to Step Down as Amazon CEO

With fourth quarter sales jumping 44%, sales for the full year at Amazon rose 38% over 2019, to $386.1 billion. Net income increased 84%, to $21.3 billion. In a statement, Bezos said that Amazon has become the company it is because of innovation. "When you look at our financial results, what you're actually seeing are the long-term cumulative results of invention," he said. "Right now, I see Amazon at its most inventive ever, making it an optimal time for this transition."