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Amazon’s profits fall 73% following heavy spending on new Kindle

Wednesday, October 26th, 2011

Amazon has reported a 73% fall in profit to $63 million for the three months to 30 September. This is despite a 44% rise in sales to $10.88 billion.
Operating expenses increased by 48% mainly due to a higher cost of sales.
The online retail giant invested heavily in its new Kindle tablet computer during the […]

Amazon profits double

Thursday, July 24th, 2008

Profits at online retailer Amazon.com soared 102 per cent to US$158 million (£79 million) in its second quarter to June 30.
That compares with US$78 million (£39 million) for the same period last year.
Sales jumped 41 per cent to US$4.06 billion (£2.03 billion) in the quarter compared with US$2.89 billion (£1.44 billion) in the second quarter […]