Amazon's profits up after 'best Christmas ever'

News

Amazon's profits up after 'best Christmas ever'

Rebecca Thomson

Amazon has reported its "best ever" Christmas period and a 9% year-on-year rise in profits for the fourth quarter.

Amazon's financial results showed net income, or profit, was $225m in Q4 of 2008, compared to $207m in Q4 2007.

Full year profit was $645m for 2008, a 36% increase on 2007’s profit of $476. The figures represent the continuing shift from high street to online as consumers increasingly use the internet for shopping.

"We remain relentlessly focused on serving customers with low prices, great selection and free shipping offers, including Amazon Prime," said Jeff Bezos, founder and CEO of Amazon.com. "We re particularly grateful for the unusually strong demand for Kindle in the fourth quarter."


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.
 

COMMENTS powered by Disqus  //  Commenting policy