Thursday, April 26, 2012

Amazon Quarterly Sales Climb To $13.18 Billion

Seattle-based Amazon.com announced its first quarter results Thursday afternoon, saying that its quarterly sales climbed 34 percent to $13.18 billion. However, the firm reported a net income decrease of 35 percent, to $130M. Among other details Amazon released were that it now has 130,000 books that are exclusive to the Kindle store, including many of its top bestsellers. Amazon still did not reveal any details of how many Kindles it is selling, although the firm said the Kindle Fire is still its bestselling, most gifted, and most wished for product on its site.