News Articles

Saturday, July 27, 2013

Amazon reports a loss in its quarterly results

Amazon.com has announced financial results for the second quarter of 2013, with a reported $7 million (£4.6 million) loss compared with a $7 million profit in the same quarter last year.

Net sales were up 22% year-on-year to $15.70 billion in Q2 2013, while operating expenses rose and operating income fell 26% to $79 million.

The next set of quarterly results are expected to show a year-on-year increase in sales but also a larger operating loss, according to the company.

Jeff Bezos, founder and CEO of Amazon.com, said “We’re so grateful to our customers for their response to Kindle devices and our digital ecosystem. This past quarter, our top 10 selling items worldwide were all digital products – Kindles, Kindle Fire HDs, accessories and digital content. The Kindle service keeps getting better. The Kindle Store now offers millions of titles including more than 350,000 exclusives that you won’t find anywhere else. Prime Instant Video has surpassed 40,000 titles, including many premium exclusives like Downton Abbey and Under the Dome. And we’ve added more than a thousand books, games, educational apps, movies and TV shows to Kindle FreeTime Unlimited, bringing together in one place all the types of content kids and parents love.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, Retailing, Applications, NewsNumber of views: 1213

Tags: amazonebooktablet

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2016»
MonTueWedThuFriSatSun
262728293012
3456789
10111213141516
17181920212223
24252627282930
31123456

Archive

Terms Of Use | Privacy Statement