Feeds

Amazon opens online bijouterie

Profits up for diamond geezers

  • alert
  • submit to reddit

Top three mobile application threats

Amazon continues to prove that punters love shopping online as the Internet giant reported increased sales and profit for the first three months of the year.

And now shoppers have got even more retail choice after Amazon opened the doors to its new Jewellery Store flogging all sorts of gear from rings and necklaces to earrings and watches.

More than 100,000 punters bought some gear during beta testing earlier this year. And since the company insists it will undercut margins from traditional jewellers, it reckons it will have rock bottom for prices for all that glitters.

News of Amazon's jewellery venture coincided with the publication of its results for the first three months of the year.

Sales climbed 41 per cent to $1.53bn in Q1 compared with $1.08bn during the same period last year.

Net profit was $111m in the first quarter, or $0.26 per diluted share, compared with a net loss of $10m, or $0.03 per share, in first quarter 2003.

Sales via the US and Canadian sites grew 20 per cent to $847m, while Amazon's overseas operations (its UK, German, French and Japanese sites) grew 80 per cent to $684m.

For the first time, half of net sales came from products delivered to customers outside the US, the company said in a statement.

Looking ahead, Amazon reckons sales for Q2 will run in somewhere between $1.34bn and $1.44bn - up between 22 per cent and 31 per cent - compared with second quarter 2003.

For the full year, Amazon predicts sales of between $6.45bn and $6.85bn. ®

Related stories

Amazon.com tiptoes into search arena
Amazon profits climb, forecast raised
Amazon posts slim profit without Santa's help

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.