For someone who supposedly learned the value of kindness at a young age, Jeff Bezos can be pretty ruthless.
Amazon releases new tablets that offer higher quality, faster speed, and low prices.
Typically quiet Amazon has jumped to deny rumors that it’s working on a smartphone that would be offered to consumers for free.
This is the latest move in Amazon’s worldwide expansion.
It’s like the opposite of Winston Churchill’s battle of Britain quote: Never were so many products sold for so much money by such a huge company for so little profit.
Google, Microsoft, Facebook, and Apple are not just engines of technological innovation in America … they’re also the path to Forbes’ World’s Billionaires list. But there is a little catch — you gotta be a man.
Amazon CEO Jeff Bezos largely credited the strong earnings increase to ebooks, which he said is now a multi-billion dollar category for Amazon.
Amazon sales were up 22 percent to $21.27 billion in the fourth quarter of 2012, the company reported, or 23 percent higher if difference in foreign exchange rates are excluded. But net income was down 45% to only $97 million, or $0.21 per share, compared with $177 million in 2011.
Amazon today released its 3rd Quarter earnings, turning in a per-share performance of just 14 cents, missing Wall Street expectations of 25 cents per share by a wide margin. The ecommerce giant saw revenue decrease by 73 percent, to just $63 million, which is likely to further punish the stock price.