Amazon Q1 net income up 68%; company to sell Kindle at Target

Share this article:

E-commerce giant Amazon.com reported a 68% year-over-year increase in first quarter net income to $299 million from $177 million.

The company's US and Canadian Web sites combined for a 47% increase in quarter-over-quarter sales. International sales were up 45% from the last quarter.

Amazon could not be reached for comment by press time.

Among the two product classifications broken out in Amazon's earnings report, “media” sales increased 22% quarter-over-quarter, to $1.6 billion from $1.3 billion, while “electronics and other general merchandise” sales were up 73%, to $2 billion from $1.2 billion).

Amazon also announced that Target will carry its Kindle e-reader device in stores beginning April 25, initially in South Florida- and Minneapolis-area locations.

“It's starting with a small number of stores, but we are very pleased to be working with Target and…to have even more customers see Kindle and have the opportunity to purchase Kindle,” said Tom Szkutak, SVP and CFO of Amazon, on its quarterly earnings call, according to a transcript from financial news site Seeking Alpha.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

7 Ways to Take Your Marketing Strategy to the Big Leagues

7 Ways to Take Your Marketing Strategy to ...

A game-winning omnichannel strategy must be seamless, synchronous, and symbiotic.

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.