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Amazon's profits up after 'best Christmas ever'

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

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."

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