Tuesday, August 6, 2013

Amazon hit by surprise loss last quarter, despite 22 percent rise in sales

Amazon reports surprise loss in in Q2 2013, despite a 22 percent rise in sales

The retail game relates to scratch a living out of low margins, and it is nowhere more evident than from Amazon in the last financial report. The company has managed to increase its turnover by 22 per cent on a year between April and June, to $ 15.7 billion, yet confounded predictions of analysts, making a loss of $ 7 million, compared to a gain of $ 7 million for the same quarter last year. In addition, this move has been attributed to the fact that Amazon pushes to expand

beyond retail game, with business investment in your Kindle, downloads and digital transmission products, that building a strong presence in China. This has been the strategy for a while, of course, not the first time that the company was pushed into the red later. But Jeff Bezos said that Amazon's top ten sales in the last quarter were all Kindle and accessories for Kindle or Kindle digital content, suggesting the transformation is always an impact, including expensive tests.

Filed under: Miscellaneous, tablets, Internet, Amazon


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