Online retailer could be on track to overtake Apple as the world’s biggest firm, experts say

Amazon will report a record-breaking 40% increase in sales in the first three months of the year to $50bn (£35.8bn) on Thursday as the retail behemoth grows its global reach, analysts have predicted.

The company, which employs more than 560,000 around the world, is expected to announce its highest ever first-quarter sales and 12th consecutive quarterly profit.

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