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Posts Tagged ‘Jeff Bezos’

Amazon’s Net Sales Were $74.45B Last Year, Up 22% From 2012

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Amazon’s net sales increased 22 percent to $74.45 billion in 2013, as compared to $61.09 billion in 201, the company revealed today. The company’s net sales increased 20 percent to $25.59 billion in the fourth quarter of 2013, as compared with $21.27 billion in fourth quarter of 2012.

Here is more about full year sales from the press release:

Operating income increased 10% to $745 million, compared with $676 million in 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the year on operating income was $29 million. Net income was $274 million, or $0.59 per diluted share, compared with net loss of $39 million, or $0.09 per diluted share, in 2012.

“It’s a good time to be an Amazon customer. You can now read your Kindle gate-to-gate, get instant on-device tech support via our revolutionary Mayday button, and have packages delivered to your door even on Sundays,” stated Jeff Bezos, founder and CEO of Amazon.com.

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Amazon is Testing Same Day Delivery Via Drone

jeffbezos304Charlie Rose interviewed Amazon chief Jeff Bezos on 60 Minutes last night and challenged the mogul about Amazon’s power over smaller players in the book industry. Bezos defended his position saying, “You gotta earn your keep in this world. When you invent something new, if customers come to the party, it’s disruptive to the old way.”

Rose pressed Bezos about Amazon’s power to drive others out of business. To which Bezos replied, “The Internet is disrupting every media industry, Charlie, you know, people can complain about that, but complaining is not a strategy. And Amazon is not happening to book selling, the future is happening to book selling.”

During the interview, Bezos also revealed that Amazon will begin using drones to test same-day delivery. The machines are called “octocopters.” ”These are effectively drones but there’s no reason that they can’t be used as delivery vehicles,” Bezos explained to Rose.

Jeff Bezos’ Wife Gives One-Star Amazon Review to New Book on Her Husband

amazonbookMacKenzie Bezos, the wife of Amazon founder Jeff Bezos, gave a terrible one-star review to Brad Stone‘s new book The Everything Store: Jeff Bezos and the Age of Amazon on the book’s Amazon listing page.

In the review, headlined, “I wanted to like this book,” Bezos wrote, “I find way too many inaccuracies, and unfortunately that casts doubt over every episode in the book.” She goes on to explain that she has been married to Jeff for 20 years and lived through many of the events which take place in the book and accuses the author of inaccurately representing them.

In addition to “factual inaccuracies,” the author of using “techniques which stretch the boundaries of non-fiction, and the result is a lopsided and misleading portrait of the people and culture at Amazon.” Here is more from the review: Read more

Amazon’s Net Sales Hit $17.09 Billion in Q3, Up 24%

amazon304Amazon.com’s net sales hit $17.09 billion in Q3, up 24 percent from the comparable quarter last year, in which the company earned $13.81 billion.

The company announced its financial results for its third quarter today, and reported that its operating cash flow increased 48 percent to $4.98 billion for the trailing twelve months. In addition, the e-commerce giant revealed that its operating loss was $25 million in the third quarter, down from an operating loss of $28 million which the company experienced in the third quarter of 2012.

The company expects net sales to rise in Q4. Check it out: “Net sales are expected to be between $23.5 billion and $26.5 billion, or to grow between 10% and 25% compared with fourth quarter 2012.”

“It’s been a busy few months—we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button—average Mayday response times are just 11 seconds!” stated Jeff Bezos, founder and CEO of Amazon.com, in the release.

The ‘Devastating Rebukes’ of Jeff Bezos

current_304x415Bloomberg Businessweek published an excerpt from The Everything Store: Jeff Bezos and the Age of Amazon, Brad Stone‘s upcoming book about the founder of Amazon.

The excerpt included a collection of infamous “devastating rebukes” that Bezos gave to employees at the company. We’ve collected five of our favorite rebukes below…

1.   “I’m sorry, did I take my stupid pills today?”

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Jeff Bezos Book Club

jeffbezos304Wish you could be in a book club with Amazon founder Jeff Bezos? CNBC Tech Correspondent Jon Fortt wrote a popular LinkedIn post about his interview with Bezos this week.

The leader shared the three books he had Amazon’s top executives read, a peek into Bezos’ bookshelf:  The Effective Executive by Peter DruckerThe Innovator’s Solution by Clayton Christensen and The Goal by Eliyahu Goldratt. Check it out:

This summer he spent time at Lab126, a Silicon Valley outpost about a mile from Apple headquarters where Amazon engineers hash out hardware designs. And he also hosted three all-day book clubs with Amazon’s top executives, capped by nice dinners at the end. Bezos said he used the books as frameworks for sketching out the future of the company.

 

 

‘Those of us in the bookstore business view Bezos through the lens of frontline combatants’

What do booksellers think about Amazon founder Jeff Bezospurchase of The Washington Post?

Lissa Muscatine and Bradley Graham, the owners of Politics & Prose bookstore in Washington DC, wrote a letter to readers, explaining that “those of us in the bookstore business view Bezos through the lens of frontline combatants.” Even these former Washington Post staffers thought the move could be good for the paper, they had doubts. Check it out:

Perhaps because those of us in the bookstore business view Bezos through the lens of frontline combatants, we have difficulty sharing Don Graham’s confidence that the Amazon founder (a Washington outsider with no newspaper experience who plans to continue living in Seattle) will do the right thing and maintain the Post’s high journalistic standards and deep commitment to the DC area.

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Jeff Bezos To Acquire Washington Post

In yet another move to shake-up the traditional publishing landscape, Amazon founder Jeff Bezos will acquire The Washington Post.

Bezos will pay $250 million for the paper, significantly higher than the $70 million Red Sox owner John W. Henry paid for The Boston Globe on Friday. In addition, IBT Media purchased Newsweek on Saturday, a news magazine sold by the Washington Post Company in 2010. The Washington Post broke the story:

The Washington Post Co. has agreed to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations … Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60 days.

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eBooks Now Multi-Billion Dollar Category for Amazon

Amazon reported today that net sales increased 22 percent to $21.27 billion in the fourth quarter of 2012. The release also noted that eBooks are now a “multi-billion dollar category” for the company.

CEO Jeff Bezos had this comment: “After 5 years, eBooks is a multi-billion dollar category for us and growing fast – up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.”

According to CNBC, Wall Street analysts had predicted $22.26 billion in revenue for the quarter. At the same time, Amazon’s net income was down 45 percent compared to the fourth quarter of 2011, falling to $0.21 per diluted share from $0.38 from the same period last year.

E L James Is Publishers Weekly’s Person of the Year

Today E L James became the first author ever named Publishers Weekly‘s Person of the Year, an annual award given to publishing leaders “shaping and, sometimes, transforming, the publishing industry.”

As part of the award, James will get a cover story and interview in the magazine. She joins a list of winners that includes David Shanks, Larry Kirshbaum, Jeff Bezos and Len Riggio.

Co-editorial director Jim Milliot explained the choice: “From boosting sales of print books through bookstores to putting a spotlight on a genre that had received little publicity, E.L. James’ impact on various parts of the book business cannot be overstated … She is well deserving of our Person of the Year award.”

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