Feeds

Amazon sells 2.5 million Harry Potters

No magical effect on profits though

Secure remote control for conventional and virtual desktops

Amazon beat the Street's expectations for its third quarter but still seemed to disappoint traders yesterday. Shares fell sharply in after-hours trading after rising more than ten per cent during the day.

The bookseller also showed exactly how low-margin a low-margin web business can be. Despite turnover of more than $3bn the company made just $80m in profit.

Net sales for the quarter ended 30 September 2007 grew 41 per cent to $3.26bn and net profit was up 313 per cent to $80m.

The biggest release of the year was the latest and last Harry Potter tome - Amazon sold 2.5m copies of the book.

International sales from Germany, Japan, France, China and the UK were $1.47bn, up 40 per cent on the same period of 2006. US sales were up by a similar amount, 42 per cent, to $1.79bn.

Amazon said over 290,000 developers have now signed up to use Amazon Web Services, up 25,000 from the previous quarter. ®

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.