Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 25 October 2013 11:39

Amazon does better than expected

Written by Nick Farrell

Looks like its Christmas will be OK

Online book seller Amazon managed to surprise the cocaine nose jobs of Wall Street with quarterly results that were much better than expected.

Amazon posted a narrower quarterly loss and grew sales by a better-than-expected 24 percent. The revenue performance indicated strong momentum of the world's largest Internet retailer going into the crucial U.S. holiday season. It apparently needs a running start because Christmas is expected to be miserable this year for retailers.

Ebay gave a disappointing holiday forecast saying the U.S. economic environment is pants due to the Republican party shutting down the government because the country voted for Obamacare during in the last election.

Amazon forecast sales of between $23.5 billion to $26.5 billion. Much of that growth came from its home market, where net sales leapt 31 percent to $10.3 billion as a faster delivery by a growing network of distribution centres drove customer demand, Amazon said. International sales also expanded 15 percent, up from 13 percent in the previous quarter.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments