InsideMobileApps InsideSocialGames 10,000 Words FishbowlNY FishbowlDC LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Amazon’s Net Income Up 28 Percent in Q1

amlogo.gifSince Amazon.com, Inc. released the Kindle 2 and Kindle iPhone application in the first quarter of 2009, net sales have risen 18 percent to $4.89 billion. In contrast, net sales were $4.13 billion during the first quarter of 2008.

Net income increased even more, the company announced today, jumping 24 percent in the first quarter of 2009, totaling $177 million. Book watchers should pay attention to second quarter results, as they will include any side-effects from the Twitter protests sparked by “a ham-fisted cataloging error.”

In the release, Amazon CEO Jeff Bezos attributed the first quarter gains to the company’s digital reader: “We’re grateful and excited that Kindle sales have exceeded our most optimistic expectations.”

Mediabistro Course

Novel Writing: Editing Your Draft

Novel Writing: Editing Your DraftStarting July 16, workshop your novel in-progress with a published author! Erika Mailman's course will function as a workshop, with the emphasis on sharing your work for review and providing critiques for your peers. By the end of this class you'll have up to 75 pages of you novel workshopped and developed patterns to improve your writing. Register now!