Amazon's third quarter sales rise 23%

Amazon's third quarter sales rise 23%

Amazon saw a 23% rise in sales in the third quarter (ending September 30th) to $25.4bn ($20.6bn in third quarter 2014).  Net income stood at $79m in the third quarter, compared to a loss of $437m in the same period in 2014.

The results follow a profitable second quarter of the year. Amazon is now up $114m in net income at the nine-month mark of the financial year, by comparison to a $455m loss for the comparable period in 2014.

The company said fourth quarter sales were expected to be between $33.5bn and $36.75bn, a growth of 14-25% on last year.  

Amazon c.e.o. Jeff Bezos said the $50 Fire tablet had been the number one bestselling product on Amazon.com since its launch, which took place earlier this month, and that the company was "building millions more than we'd already planned" on the strength of the customer responses.