Amazon's Q1 revenue up 35 percent to $13.18 billion: 9 out of 10 bestsellers were digital
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Amazon has just released its Q1 earnings statement, and though sales were up 34 percent year-over to $13.18 billion, net income was down 35 percent to $130 million for its first fiscal 2012 quarter — yes, Amazon's margins are historically very low. North America sales alone amounted to $7.43 billion, up 36 percent from Q1 2011. That puts sales on the optimistic side of the company's Q1 prediction during its Q4 2011 earnings report, and profit better than expected — especially since it predicted a possible $200 million loss for this quarter. »read more
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