Thread: Amazon: 2nd Quarter Earnings
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Old 07-23-2010, 09:54 PM   #3
kjk
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Quote:
Originally Posted by SensualPoet View Post
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.
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