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Amazon reports $126m quarterly loss

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#1 Hum

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Posted 24 July 2014 - 23:01

Amazon has reported a loss of $126m (£74m) in the second quarter and warned that sales could slow in the current quarter.

Amazon forecast third quarter sales of between $19.7bn and $21.5bn, which could mean sales growth of as little as 15% - well down on previous quarters.

Amazon has traditionally survived on thin profit margins, but investors have been reassured by strong sales growth.

But today's warning over sales has spooked investors.

In after hours trading in the US shares slumped by 6%.

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#2 +warwagon

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Posted 24 July 2014 - 23:04

Don't worry Amazon, I still luv ya!



#3 +Majesticmerc

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Posted 24 July 2014 - 23:07

Perhaps not unexpected. The whole drone thing, the Fire phone, etc, etc is going to eat into profits, but long term could pay big dividends. Amazon has always been a "big picture" kind of company.

#4 OP Hum

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Posted 24 July 2014 - 23:11

Amazon tried to screw me on the 'free' shipping a couple of times  -- so no  sympathy here.



#5 perochan

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Posted 24 July 2014 - 23:11

still my #1 shopping place.



#6 xendrome

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Posted 24 July 2014 - 23:27

Amazon tried to screw me on the 'free' shipping a couple of times  -- so no  sympathy here.

 

How exactly, because their shipping is clearly labeled on all items. You misread something



#7 +warwagon

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Posted 25 July 2014 - 17:16

I still think they TOTOALLY screwed up on their phone.

 

They should have practically gave the phone away or least made a little profit on them. Not sell them unsubsidized for $600

 

You are putting your Ecosystem in peoples hands.



#8 Jason S.

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Posted 25 July 2014 - 17:19

Amazon has taken on some big projects lately. Whether or not theyre worthwhile has yet to be seen.

 

that being said, that's a pretty big drop in a single quarter. i wonder what their official explanation is.



#9 OP Hum

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Posted 25 July 2014 - 17:35

How exactly, because their shipping is clearly labeled on all items. You misread something

I did not misread 'free shipping on orders over $35.'

 

One time my order was over 100.

 

I clicked off on FREE shipping.

 

I was charged anyway.

 

Had to complain to get back the shipping charge.

 

I recently placed another, over 35 dollar order.

 

I made sure to check the final screen, then cancelled, since there were more shipping charges.

 

Constantly pester about Amazon Prime.

 

They are way desperate.

 

Amazon has taken on some big projects lately. Whether or not theyre worthwhile has yet to be seen.

 

that being said, that's a pretty big drop in a single quarter. i wonder what their official explanation is.

 

Probably a weak economy keep people from buying extra goodies.

 

And I have noticed, Amazon does not always have the best price.



#10 vetneufuse

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Posted 25 July 2014 - 17:41

I did not misread 'free shipping on orders over $35.'

 

One time my order was over 100.

 

I clicked off on FREE shipping.

 

I was charged anyway.

 

Had to complain to get back the shipping charge.

 

I recently placed another, over 35 dollar order.

 

I made sure to check the final screen, then cancelled, since there were more shipping charges.

 

Constantly pester about Amazon Prime.

 

They are way desperate.

 

 

Probably a weak economy keep people from buying extra goodies.

 

And I have noticed, Amazon does not always have the best price.

My only problem with shipping was the whole if it's not from an amazon warehouse, it doesn't qualify thing... or must be prime eligible, etc.. I generally only order from amazon fulfilled sellers and never had a problem with being free... when I see a shipping charge, usually goes back to the seller, find another seller and fix the issue...



#11 xendrome

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Posted 25 July 2014 - 17:54

I did not misread 'free shipping on orders over $35.'

 

One time my order was over 100.

 

I clicked off on FREE shipping.

 

I was charged anyway.

 

Had to complain to get back the shipping charge.

 

I recently placed another, over 35 dollar order.

 

I made sure to check the final screen, then cancelled, since there were more shipping charges.

 

Constantly pester about Amazon Prime.

 

They are way desperate.

 

 

Probably a weak economy keep people from buying extra goodies.

 

And I have noticed, Amazon does not always have the best price.

 

You must have ordered an item that was from Amazon or Fullfilled by Amazon which said "Orders over $35 get free shipping" then another item with that order that was from an outside vendor, which does not quality for the free shipping. So you are going to end up paying shipping on both items since you did not cross that $35 threshhold for qualifyling items. 

 

I can 100% promise you that this wasn't Amazon at fault.



#12 +Quillz

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Posted 25 July 2014 - 23:58

I wonder how many Prime subscriptions were canceled with the price increases and that you can't opt-out of things like streaming, etc? I use Amazon a lot, though, so it kind of stinks to see them having a loss this big.



#13 Prosidius

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Posted 26 July 2014 - 00:15

I think Amazon needs to reign in it's product lines.  Get rid of the Android hardware and stick to e-readers.  Only make apps for the music, video, kindle, and whatever other services they have.  



#14 JJ_

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Posted 26 July 2014 - 00:31

I did not misread 'free shipping on orders over $35.'

 

One time my order was over 100.

 

I clicked off on FREE shipping.

 

I was charged anyway.

 

Had to complain to get back the shipping charge.

 

I recently placed another, over 35 dollar order.

 

I made sure to check the final screen, then cancelled, since there were more shipping charges.

 

Constantly pester about Amazon Prime.

 

They are way desperate.

 

 

Probably a weak economy keep people from buying extra goodies.

 

And I have noticed, Amazon does not always have the best price.

 

I'm sure it's to do with your account setting for your default one click postage option. Whenever I checkout, the paid postage option is always selected, I have to manually change it to free shipping.
 



#15 68k

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Posted 26 July 2014 - 00:39

More people are finding and shopping through cheaper alternates (including myself). Competition is a great thing.