PublishersLunch
Amazon reported third quarter sales of
$13.81 billion, up 27 percent from a year ago, but below analysts expectations.
As forecast, they had a loss for the quarter, registering an operation loss of
$28 million and a net loss of $274 million. $169 million of that loss was due
to impairment charges against the unsuccessful LivingSocial investment.
Guidance for the coming holiday quarter predicts a wide-ranging performance of
anywhere between a loss of $490 million and profit of $310 million, and sales
are forecast to grow between 16 percent and 31 percent. While those figures
were lower than analysts had been projecting, after some after-market weakness
last night Amazon's stock is up about 5 percent in Friday morning trading.
For those who follow the Amazon releases
closely, Thursday's announcement was notable for its straight-forward nature.
Gone, at least this time around, is the marginal blather about gatekeepers and
lifting up some of their own exclusive self-published authors onto their own
bestseller lists.
The newest quirky non-measure of Kindle
device sales is to proclaim that for Kindle Fire HD, Kindle Paperwhite and the
basic Kindle, "we're selling more of each of these devices than the #4
bestselling product, book three of the Fifty Shades of Grey series." Which
seems to be admitting that they may only be selling low tens of thousands a
week of those devices.
Media sales--the segment watched by our
industry--are as usual growing at a lower pace than the company overall. North
American media sales of $2.215 billion were up 15 percent, and international
media sales of $2.385 were up just 7 percent, even as the company continues to
expand its international media offerings.
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