An Interest In:
Web News this Week
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
- April 12, 2024
Some of Our Sources
- Engadget
- TutsPlus - Code
- Web Designer Wall
- Creative Curio
- Web Designer Depot
- Noupe
- Web Design Ledger
- Line 25
- Stylized Web
- Android Headlines
Help Webnuz
Referal links:
July 27, 2011 12:08 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CdCyiGNhEUw/
Amazon Beats The Street; Sales Up 51 Percent To $9.9B, Net Income Down 8 Percent
E-commerce giant Amazon just reported second quarter results, posting sales of $9.9 billion, an increase of 51 percent from the same quarter in 2010. Net income decreased 8% to $191 million in the second quarter, or $0.41 per diluted share, compared with net income of $207 million, or $0.45 per diluted share, in second quarter 2010. Analysts expected strong sales of $9.37 billion but earnings were expected to drop to $0.35 cents per share for net income. The Kindle 3G with advertising is now the company's bestselling Kindle, says Amazon. Amazon founder and CEO Jeff Bezos said in a statement: "Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we've seen in over a decade...Kindle 3G with Special Offers has quickly become our bestselling Kindle at only $139. Customers love the convenience of a 3G reader " no hunting for or paying for Wi-Fi hotspots. Amazon picks up the tab for the 3G wireless, so you have no monthly payments or annual contracts."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CdCyiGNhEUw/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch