Amazon: 2nd Quarter Earnings

[kjk]

http://phx.corporate-ir.net/phoenix....041&highlight=

In the last twelve months, customers around the world have ordered more than $1 billion of products from Amazon using a mobile device," said Jeff Bezos, founder and CEO of Amazon.com. "The leading mobile commerce device today is the smartphone, but we're excited by the potential of the new category of wireless tablet computers. Over time, tablet computers could become a meaningful additional driver for our business."

After hours stock price didn't like the overall news, however: http://www.google.com/finance?client=ig&q=AMZN

[SensualPoet]

Looking at the full year, the stock price wasn't impacted by the quarterly earnings report, one way or the other. It's worth a reminder that Amazon is a very big company -- in spite of being mainly online. It's about five times the size of Barnes & Noble (which operates 2,000 stores) in terms of gross revenue and somewhat more profitable. Amazon spent more on website infrastructure upgrades than B&N showed net profit. The business models are really quite different. (Not that that is news: it's just amazing how much different they are by design and in sheer size.)

[kjk]

Originally Posted by SensualPoet

It's worth a reminder that Amazon is a very big company -- in spite of being mainly online. It's about five times the size of Barnes & Noble (which operates 2,000 stores) in terms of gross revenue and somewhat more profitable. Amazon spent more on website infrastructure upgrades than B&N showed net profit. The business models are really quite different. (Not that that is news: it's just amazing how much different they are by design and in sheer size.)

Very true. Same with looking at Amazon and Apple-Apple had over twice the gross revenue and ten times the profit of Amazon last quarter...plus almost five times the market cap. Apple's iBooks portion isn't even a rounding error at that scale.