Amazon Inc. reported net income of $1.9 billion for the quarter ended December 31, 2017 (Q4 2017), more than double of the $759 million net income reported in the corresponding quarter last year. Note that this includes a provisional tax benefit for the impact of the U.S. Tax Cuts and Jobs Act of 2017 of about $789 million. The company’s total revenues for the quarter stood at $60.5 billion, up 38% from $43.7 billion in Q4 2016. While, operating income also increased by 69% year-on-year (YoY) to $2.1 million for the quarter from $1.3 billion in Q4 2016. While answering an analyst question regarding Amazon's performance outside North America, senior VP and CFO Brian Olsavsky said that the number of Prime members who joined India's Prime program in the first year was higher than in any other country. He added that now the focus is on increasing the Prime eligible selection in India. It currently stands at over 25 million items, including Prime Video. Amazon is "also continuing to add other Prime benefits such as Prime Music will be coming soon, Amazon Family is there, as I said, Prime Video, and we had our first Prime Day in India." Note that Amazon signed its first content deal for music, hinting that the launch of Prime Music in India is near, with Zee Music Company, last month. In the same month, it also signed similar deals with Saregama and Sony Music. Alexa & Other Devices In the Q4 2017 earnings release, Amazon CEO Jeff…
