Amazon pulled back the financial curtain for Q3 2011, revealing $10.88 billion in net sales for the quarter, a 44 percent jump over this time last year. Net income, on the other hand, decreased 73 percent year over year, down to $63 million. The quarter also saw the company's "biggest order day ever for Kindle," according to CEO Jeff Bezos -- September 28th, the introduction of three new reader devices from the company. The company's Q4 report will likely be affected by the coming launch of the Kindle Touch and the long-awaited Fire tablet.
Continue reading Amazon net sales up, net income down for Q3 2011
Amazon net sales up, net income down for Q3 2011 originally appeared on Engadget on Tue, 25 Oct 2011 16:30:00 EDT. Please see our terms for use of feeds.
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