Amazon Prime Day 2020: What You Need to Know

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Amazon  (AMZN) - Get Report Prime Day is finally here. Touted as one of the biggest shopping events of the year, it runs for 48 hours starting at midnight, October 13.

The company says that more than a million deals will be offered in 19 countries during the event.

"Prime members will have exclusive access to more than one million deals on everything they need and love, including the most popular, beloved brands and must-have holiday gifts across every category from toys, electronics, fashion, devices and more," a company statement read.

The company has been holding Prime Day for Amazon Prime subscribers usually in mid-July since 2015, but the ongoing pandemic forced it to postpone the event this year.

The company is also expecting a good sales during the Prime Day. Last year, Amazon raked in more than $7 billion in sales during its Prime Day event.

It's also worth noting that the retail giant is one of the very few companies which is doing wonders despite the pandemic. The company's net income for the second quarter increased to $5.2 billion from $2.6 billion a year prior.

“This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” said Amazon's CEO Jeff Bezos, in a statement. 

The company is also in a hiring spree, recruiting many new employees despite the pandemic. 

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