Saturday, April 27, 2013

Amazon Sales Rise But Profits Fall

Book2Book Friday 26 Apr 2013

Amazon saw a fall in profits but rising sales in the first three months of the year.The company, which is the world's biggest online retailer by sales, recorded a net income of $82m (£53m) for the quarter, down 37% on last year.

Analysts said its aggressive expansion plans and investment in new products had hit profits.




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