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Posts Tagged ‘Amazon earnings’

eBook Sales at Amazon Up 70% in 2012

Amazon chief Jeff Bezos revealed today that eBooks is now a multi-billion dollar category for the company and was up approximately 70 percent from 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 percent,” he stated.

Amazon reported its earnings today revealing that the company’s net sales increased 27 percent to $61.09 billion in 2012, compared with $48.08 billion in 2011. In the fourth quarter the company’s net sales increased 22 percent to $21.27 billion in the fourth quarter, as compared to $17.43 billion in the fourth quarter of 2011.

Here is more from the press release: “For the second year in a row, Amazon’s tablet was the most popular item for customers – Kindle Fire HD continued its run as the #1 best-selling, most gifted, and most wished for product across the millions of items available on Amazon worldwide. At year-end, Kindle Fire HD, Kindle Fire, Kindle Paperwhite and Kindle held the top four spots on the Amazon worldwide best seller charts since launch.”

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Amazon’s Net Sales Up 27% In Q3

Amazon’s net sales increased 27 percent from $10.88 billion to $13.81 billion in the third quarter of 2012, according to an earnings report released by the company today.

Amazon CEO Jeff Bezos commented on the news stating, “Our approach is to work hard to charge less. Sell devices near breakeven and you can pack a lot of sophisticated hardware into a very low price point. And our approach is working – the $199 Kindle Fire HD is the #1 bestselling product across Amazon worldwide.”

During the quarter, Amazon released a new line of Kindle devices, and expanded the Kindle Store to Japan. The company did not break out revenues from the Kindle store or for Kindle devices, though the company did report that worldwide media sales grew 11 percent to $4.60 billion. The company also reported that worldwide electronics and other general merchandise sales grew 36 percent to $8.56 billion.

Amazon Q2 Sales Up 29%, App Store Expanding To Europe

Amazon reported today that net sales increased 29 percent to $12.83 billion in the second quarter of 2012, up from $9.91 billion which the company earned in its second quarter 2011.

GalleyCat points out that the company still missed Wall Street estimates of $12.9 billion in sales. Here is more from the blog: “The company noted that Kindle Direct Publishing authors had scored 20 spots on Amazon’s list of the top 100 bestselling Kindle titles. The quarter also included an estimated loss of $65 million as the company acquired Kiva Systems.”

In the earnings report, Amazon was quick to point out that the Kindle Fire tablet remains the No. 1 bestselling product  on Amazon.com since launch. The company also highlighted the expansion of its app store in Europe. The press release has more: “Amazon.com announced that developers can now submit mobile apps for distribution through our upcoming appstore launches this summer on the Company’s U.K., German, French, Italian and Spanish sites. In just over one year, the Amazon Appstore on www.amazon.com has grown to tens of thousands of apps and games.”