Feeds

Amazon posts profit

Hurrah!

  • alert
  • submit to reddit

Seven Steps to Software Security

Amazon's decision to scrap shipping costs for orders over $25 appears to have been a hit with punters.

Reporting Q4 figures Amazon.com notched up a profit of $3m in Q4 2002, down from $5m during the same period in 2001. Net sales for the quarter skipped in at a record $1.429bn up 28 per cent compared to $1.115bn posted in Q4 2001.

The spike in numbers coincides with the popular holiday season when book and CD buying is at its peak.
And because of the apparent success of waiving shipping for orders over $25 Amazon is to extend this to a year-round offer.

Said chief Amazonian Jeff Bezos: "On top of the five price cuts we've made over the past 18 months, we're announcing today that we've decided to make Free Super Saver Shipping on orders over $25 a full-time, year-round offer.

"We're at a tipping point. Customers are now shopping at Amazon.com as much for our lower prices as for our selection and convenience," he said.

Sales at Amazon's international operations - in the UK, Germany, France and Japan - grew 76 per cent to $461m in Q4. Looking ahead, Amazon reckons Q1 2003 net sales are expected to roll in somewhere between $1.025bn and $1.075bn, a growth of around 21 - 27 per cent. ®

Boost IT visibility and business value

More from The Register

next story
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.