Sales continue to surge at Amazon

Sales continue to surge at Amazon

<p>Sales at Amazon.com&#39;s international units, including its UK website, rose by 26% in the group&#39;s second quarter. In the three months ended 30th June, sales rose from $1.3bn, against $982m a year earlier. Operating profit rose to $83m, compared with $55m. Sales of media products, including books, rose to $910m, compared with $718m. <br /><br />The group said that it was helped by customers coming to its website to pre-order the latest Harry Potter book--it received orders for more than 2.2 million copies of the title--helping drive worldwide sales up by 35%. Net sales increased to $2.9bn in the second quarter, compared with $2.1bn in second quarter 2006. Excluding the $46m favourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 33% compared with second quarter 2006.</p><p> Operating income increased 149% to $116m in the second quarter, compared with $47m in second quarter 2006.<br /><br />The New York Times reported that the news pushed up the company&#39;s stock in after-hours trading to a level it has not reached since February 2000, during the heyday of the dot-com boom.<br /><br />Amazon said that <em>Harry Potter and the Deathly Hallows </em>was its largest new product release to date. However, it will not count the revenue until its next quarter, when sales are expected to reach more than $3bn, with operating income expected to be between $75m and $110m.</p>