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Amazon Bozos

Sales spurt sees Amazon narrow quarterly losses

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By John Glenday, Reporter

October 25, 2013 | 2 min read

Amazon has reported a narrowing of its quarterly losses from $274m a year ago to $41m for the July-September period on the back of a 24 per cent year on year sales surge.

That brought total revenues to $17.1bn with Amazon predicting further growth in the fourth quarter, prompting a 9.6 per cent rise in its share price.

Despite racking up billions in sales Amazon has now reported a net loss for three consecutive quarters, prompting the firm to diversify into Kindle e-readers and tablets whilst bolstering its delivery networks and cloud computing systems.

A wave of warehouse construction is also reducing shipping costs, each equipped with robots to increase efficiency in ferrying orders.

In a statement Amazon founder Jeff Bozos said: ““It’s been a busy few months—we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button—average Mayday response times are just 11 seconds!”

“And that’s not all. In the last 90 days, our AWS team got back to work on a big government contract, we brought 8 million square feet of fulfillment center capacity online, deployed 1,382 Kiva robots in three FCs, provided a new venue for artists to reach customers, signed up millions of new Prime members, announced Kindle MatchBook, Login & Pay, and nine new original TV pilots, joined the Code.org coalition, acquired TenMarks—a company that helps kids with math, scored a win for customers who want to use Kindles on airplanes even during takeoff and landing (also, a big hat tip to Nick Bilton on that one), began hiring and training 70,000 new U.S. FC employees to help serve customers this holiday season, and saw the Kindle Million Club grow to include 14 KDP authors.”

Amazon Bozos

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