The latest financial results from Amazon show that second-quarter profit grew to $207m (£135m) from $142m (£92.3) last year – a 45% increase. While total revenues rose 41% to $6.6bn (£4.29bn), operating expenses also jumped 40%, leading to Amazon’s stock price tumbling 13% as market analysts voiced their concerns. Revenues were up 46% in North […]
The latest financial results from Amazon show that second-quarter profit grew to $207m (£135m) from $142m (£92.3) last year – a 45% increase.
While total revenues rose 41% to $6.6bn (£4.29bn), operating expenses also jumped 40%, leading to Amazon’s stock price tumbling 13% as market analysts voiced their concerns. Revenues were up 46% in North America to $3.6bn (£2.34bn), and 35% to $3bn (£1.95bn) in the rest of the world.
23/07/2010
Sales from the electronics and other general goods category grew fastest, with global sales up 69% to $3.49bn (£2.27bn). Revenues from books, CDs, DVDs and other media increased 18% to reach $2.9bn (£1.89bn).
Amazon has also announced that it has sold more e-books that hardbacks during the last three months, as sales of its Kindle device continue to grow on both an annual and month-by-month basis.
