Featured Articles

Android Wear installed on 50-100k phones

Android Wear installed on 50-100k phones

Android Wear is a companion app that you need in order to run your new Android Wear watch.

More...
AMD launches 45W desktop Kaveri parts, finally

AMD launches 45W desktop Kaveri parts, finally

AMD has finally launched three 45W Kaveri SKUs, which were in the works for months. The three chips feature configurable TDP,…

More...
Desktop Broadwell LGA is Socket 1150

Desktop Broadwell LGA is Socket 1150

Broadwell was supposed to come in 2014 and it will ship in the last quarter of this year for detachable thin…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 31 January 2014 11:54

Amazon starts to suffer

Written by Nick Farrell



Profits down

Amazon has surprised the cocaine nose jobs of Wall Street by missing its profit estimates for the crucial holiday period and warning about a possible operating loss this quarter. Amazon is the world's largest Internet retailer, and it if can’t make piles of dosh then there is something seriously wrong.

According to the company it spent heavily to forge new markets in cloud computing and digital media, expects operating results for the current quarter to range from a $200 million loss to a $200 million profit, compared with a $181 million profit a year ago. All that investment has taken a toll on its bottom line. With revenue growth slowing as Amazon achieves unprecedented scale. 

Executives on Thursday told analysts they were considering an increase in prices for its "Prime" two-day shipping service in the United States, which also includes free video streaming on demand and a book-lending library. The company posted net income of $239 million compared with $97 million in the year-ago quarter.

Net sales grew 20 percent to $25.6 billion in the fourth quarter, versus expectations for just above $26 billion and slowing from the 24 percent of the previous three months. North American net sales in particular grew 26 percent to $15.3 billion, from 30 percent or more in the past two quarters. International sales rose just 13 percent and the company forecast revenue of $18.2 billion to $19.9 billion in the first quarter, a conservative outlook relative to Wall Street's expectation for about $19.7 billion in sales.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments