V-Tech Posted July 26, 2013 Share Posted July 26, 2013 The retail game is all about scraping big profits out of tiny margins, and nowhere is that more evident than in Amazon's latest financial report. The company managed grow revenue by 22 percent year-over-year between April and June, and yet it confounded analyst predictions by making a loss of $7 million, versus a $7 million profit in the same quarter last year. Then again, the loss has been attributed to the fact that Amazon is pushing to expand beyond the retail game, by investing in its Kindle business, digital downloads and streaming products, as well as in a bigger presence in China. Jeff Bezos said that his company's top ten selling products last quarter were all either Kindles, accessories for Kindles, or digital content for Kindles, which suggests the strategy is steadily working, even if it's proving expensive. http://www.engadget.com/2013/07/26/amazon-earnings-report/ Link to comment Share on other sites More sharing options...
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