Top 10 States For Amazon Monthly Spending: Here's How Much The Average American Spends On The E-Commerce Site
Portfolio Pulse from Chris Katje
A survey from Upgraded Points found that the average American spends $91.75 per month on Amazon, or around $1,101 annually. The top 10 states for the highest average spending on Amazon are Tennessee, Delaware, Wisconsin, Iowa, Washington, New Mexico, Kentucky, Utah, Massachusetts, and Michigan. In Q1 2023, Amazon reported revenue of $127.4 billion, up 9% YoY, with North American sales making up $76.9 billion of the total. Amazon's market capitalization is $1.32 trillion.
July 12, 2023 | 10:57 pm
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Amazon's high average monthly spending by Americans and its significant Q1 2023 revenue growth indicate a strong financial performance. The company's large market capitalization further underscores its robust position in the market.
The news directly pertains to Amazon's financial performance and customer spending habits, which are key indicators of the company's health and growth. The high average monthly spending by Americans and the company's significant Q1 2023 revenue growth suggest a positive short-term impact on the company's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100