Quote:
Originally Posted by petermillard
Do you have a source for that, because unless I'm misreading their last balance sheet filed 31/12/11, Amazon's cash on hand is $5.27Bn (or $9.6Bn if you include short term investments). A look at their income statement shows a Net income for 2011 of $631Mn on turnover of $48Bn - a margin just over 1.3%... |
Sorry, fingers walking ahead of brain. As another user posted, the numbers are for Apple, and your numbers make the point I was going for, Apple can afford a price war, Amazon can't.