Its reported acquisition of mobile point-of-sale service provider GoPago points in that direction. GoPago would give Amazon the technology to compete with other players ...
Amazon has another strong quarter
Third quarter sales at Amazon.com Inc. grew 33% to $851 million from $639 million in the third quarter of 2001.
Third quarter sales at Amazon.com Inc. grew 33% to $851 million from $639 million in the third quarter of 2001, the company reported today. Sales exceeded the company’s expectations of $780 million to $830 million.
Net loss was $35 million vs. a third quarter 2001 net loss of $170 million. Operating loss was $10 million, including restructuring-related and other charges of $37 million, compared with a loss of $70 million a year ago.
"We`ve lowered prices five times over the last 15 months, and simply put, it`s working," said Jeff Bezos, founder and CEO of Amazon.com. "Based on the results so far, we`ve made the decision to leave Super Saver Shipping--free on orders over $25--in place at least through the holidays."
International sales, representing Amazon`s U.K., German, French and Japanese sites, grew 90% to $264 million.
By segments, books, music and DVD/video sales grew 17% to $412 million; electronics, tools and kitchen sales grew 25%, reaching $129 million.
The company now says it expects fourth quarter sales to reach $1.325 billion to 1.425 billion.