Feeds

Shock sales surge sends Amazon shares soaring

Investors reassured by Q1 results

Internet Security Threat Report 2014

Amazon shares rose at least 16 per cent in pre-market trading today after the etailing giant reported a lift in first quarter revenue.

Analysts had been concerned that spending on new products like the Kindle Fire and the usual cost-cutting behaviour of the online firm could heavily impact on profits.

But Amazon said its net income for Q1 2012 was a fairly healthy $130m while its revenues grew to $13.18bn.

The online bazaar is an ardent follower of the idea that you need to spend money to make money and has often worried investors with its heavy spending on new stuff.

But so far, its strategies have worked and despite its predictions that next quarter could yield somewhere between an operating loss of $260m and a profit of just $40m, shareholders seem reassured.

Amazon said its Kindle Fire was the number one bestselling item on Amazon.com since its launch and that nine out of the 10 top sellers were digital products like Kindles, ebooks, movies, music and apps.

The web firm has been experimenting with the world of video-on-demand with its Instant Video services, which it recently released onto the PlayStation 3. Amazon said it now has licensing deals with Discovery and Viacom to add to deals with big partners such as CBS, Fox, NBC Universal, Sony, Warner Bros and Disney. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.