Amazon sales storm ahead
30th Jan 2009 | 19:34
No sign of economic slowdown for online retailer
Online retailer Amazon backed up its claims for having its 'best ever' Christmas with sales and profit figures that surpassed expectations, selling $6.7 billion (£4.7 billion) worth of stuff in the last three months.
That's an 18 per cent increase on the same Q4 period in 2007 - and would have been as high as 24 per cent if the strengthening dollar hadn't hurt its overseas figures.
Profits were also up, with Bezos and pals raking in $225 million (£157 million) in the last quarter, a 9 per cent increase on the previous Christmas.
"We remain relentlessly focused on serving customers with low prices, great selection and free shipping offers, including Amazon Prime," said Jeff Bezos, founder and CEO of Amazon.com. "We're particularly grateful for the unusually strong demand for Kindle in the fourth quarter."
As well he might be. There have been rumours for months that a sucessor to the Kindle is coming soon, but these don't seem to have hurt sales of the original ebook reader, which is still out of stock.
Full year 2008 were also announced, showing Amazon earning $842 million (£588 million) on sales of over $19 billion (£13 billion). This includes a nice litte $53 million (£37 million) from the folding of Amazon's DVD rental business in UK and Germany into Lovefilm.