Wednesday, January 30, 2013

Amazon's record $21bn Christmas sales push shares to new high

Stimulate mountain of cash after the retailer's investment in new distribution centers is likely to raise taxes fury

from Amazon peaked after the first online retailer announced record revenues of $ 21 billion Christmas (? 13 billion).

The company began to operate as a library and now all cameras stocks increased sales worldwide layers of 22% since December 2011. Amazon has continued to gain market share in both high street retailers and online rivals, a performance that helped develop its cash pile of $ 12.4 billion.

Utilities

were driven by increased investment in 20 new distribution centers last year, three of them in the UK, which allows the distributor to reduce transportation costs.

"The growth rate shows not only eliminate many brick and mortar, but also other online channels," said RJ Hottovy, an analyst at research firm Morningstar. "Here is a consolidation of the place where people go to digital content. Apple's iTunes and Amazon are destinations stand out. "

Amazon

selection of movies, TV shows, songs, books, apps and games became songs 23m. The retailer did not provide sales figures for their tablets, but occupied the first four places in the charts at Christmas, with the touch screen, color screen Kindle Fire HD in first position.

Amazon

As noted higher than expected profits for the December quarter, the stock rose 11% to $ 288 million in after-hours trading, capping a year in which its value on the stock market has increased 50%.

The Seattle-based company reported a profit from operations increased 56% to $ 405 million in the fourth quarter, compared to $ 260 million for the same quarter of 2011.

Aa mounting

With politicians in the economies hit by the recession which seek to balance the books, Amazon could take a hit save. British Prime Minister David Cameron took the stage at the Davos summit to force companies to pay taxes "right", and the French and U.S. governments continue Amazon directly.

France notified in September for unpaid taxes totaling $ 252 million, while Amazon said that the U.S. Treasury could come up after $ 1.5 billion of their orbits.


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