Amazon continues to grow sales and produce very little income, reporting revenues of $13.18 billion for their first quarter (up 34 percent) and net income of $130 million (down 35 percent). North American media sales of $2.197 billion were up 17 percent, and international media sales of $2.513 billion rose 21 percent. The press release leads by trumpeting having persuaded authors of 130,000 KDP titles to make their works exclusive to Amazon so that Prime members can borrow them for free. In the investor q&a Thursday night, cfo Thomas Szkutak reiterated of the recent DOJ action that “we do think […]
