Quote:
Originally Posted by Andrew H.
It's not true that Amazon has never turned a profit - their first profitable year was in 2003, and they turned a profit as recently as 2011. It is true, however that they have generally had a low margin and never been *very* profitable when compared to their revenue.
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In 2010 they had net income of over $1B...
http://www.internetretailer.com/2011...fits-boom-2010
...and promptly launched a $2B stock buyback followed by a massive infrastructure investment effort.
Amazon is operating at breakeven/minimal loss by *choice*, not because they are incapable of making a profit.