Amazon Quarterly Results

Revenue and net income are up, but it sounds to me like they’re trying to position Kindle as a software platform rather than a hardware one:

“We’re seeing rapid growth in Kindle, Amazon Web Services, third-party sales, and retail. We’re also encouraged by what we see in mobile. In the last twelve months, customers around the world have ordered more than $1 billion of products from Amazon using a mobile device,” said Jeff Bezos, founder and CEO of “The leading mobile commerce device today is the smartphone, but we’re excited by the potential of the new category of wireless tablet computers. Over time, tablet computers could become a meaningful additional driver for our business.”

Amazon stock is way down in after-hours trading. Update: Perhaps the stock hit is because despite revenue being up, they missed their EPS estimate by $0.08?

Thursday, 22 July 2010