Amazon CEO Jeff Bezos has long told his investors that the focus of the company is on growing its business and hunting for big new opportunities, not turning a massive profit. The company reported its first quarter 2013 earnings today, and this trend continued.
The company posted revenues of $16.07 billion for the first quarter, a 22 percent increase over the same period last year. But its profit dipped to $82 million, as compared to $130 million in the first quarter of 2012.
Part of the reason Amazon's profits are so small is that the company invests heavily in new markets, as well as research and development. Its transitioned from being an e-commerce company to having its own line of e-book readers, tablets, and is rumored to be...
via The Verge - All Posts http://www.theverge.com/2013/4/25/4266416/amazon-q1-2013-earnings
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