Wed, 30/01/2013 - 09:30
Despite fluctuating margins and slowing growth, Amazon’s shares rose after the giant e-tailer posted its 2012 and fourth-quarter financials. Amazon emphasised the shift in its business away from physical products, describing its e-book business as a “multi-billion dollar category”, compared to physical book sales, which...
Fri, 12/10/2012 - 10:30
Amazon’s founder Jeff Bezos has admitted the company does not make any money on its sales of hardware products, while saying the market must “embrace change” as digital book sales grow.
Two weeks before the Kindle Fire tablets are due to go on sale in the UK (25th October), the technology entrepreneur...
Fri, 07/09/2012 - 11:25
Fri, 31/08/2012 - 07:00
Anticipation is mounting that Amazon will make an announcement about a second model Kindle Fire tablet next week, after the retailer announced that the first model had “sold out”.
The company has issued a statement saying that it no longer has stocks of the Kindle Fire device, which is only available in the US. Amazon has...
Wed, 26/10/2011 - 10:05
Amazon’s profits have dropped by 73% in its third quarter, with the company's investment in its Kindle e-readers blamed for the slump.
In the three months to 30th September, net income fell from $231m (£144.4m) to $63m (£39.4m) year on year. Sales rose by 44% to $10.88bn (£6.8bn), in comparison to $7.56bn...
Mon, 26/09/2011 - 08:50
Amazon c.e.o. Jeff Bezos has been named as the most powerful man in books in a Guardian and Observer "power list" of the 100 key people in the trade.
Heads of houses from publishing's four biggest...
Wed, 27/07/2011 - 07:47
Amazon.com is experiencing its "fastest growth" in more than a decade with accelerating Kindle sales, according to its founder Jeff Bezos, but at a cost to the bottom line.
The giant e-tailer increased sales by 51% in the three months to 30th June 2011 to $9.91bn (£6.04bn), but profits came in at $191m (£116m),...
Wed, 27/04/2011 - 09:39
Amazon.com has reported a steep drop in profit despite boosting sales by over a third. Amazon.co.uk also revealed that one print book and four e-books were among its top 10 bestselling items in the quarter, with the Kindle still its top-selling product.
The group reported earnings of $201m in the first quarter of this year to 31st...
Fri, 28/01/2011 - 10:02
Kindle e-books have overtaken paperback sales at Amazon.com, as the internet retailer revealed sales topped $10bn for the first time in its latest trading quarter.
In its results for the quarter to 31st December 2010, the retailer revealed since the beginning of the year, for every 100 paperback books Amazon has sold, the...
Mon, 15/11/2010 - 09:26
Amazon.com c.e.o. Jeff Bezos earned $152m (£94.6m) this month when he sold almost one million of the shares he holds in the internet retailer.
The New York Post reports Bezos has made almost $800m (£498m) this year from selling six million shares. The Amazon founder now hold 89m shares.
The newspaper reports Bezos is...