Full news story on Amazon: Ebooks soaring, print slowing; net loss $39m.
Amazon: Ebooks soaring, print slowing; net loss $39m
Jan 30 2013
In a statement accompanying its fourth quarter and full year results for 2012, Amazon founder Jeff Bezos summed up where he sees the future of book retailing heading - especially for his company. "We're now seeing the transition we've been expecting," said Bezos. "After 5 years, eBooks is a multi-billion dollar category for us and growing fast - up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%."
For the full year, net sales increased 27% to $61.09 billion, and Amazon reported a net loss of $39 million compared with net income of $631 million in 2011.
A bold, mesmerizing novel about the woman known as "Typhoid Mary," the first known healthy carrier of typhoid fever in the burgeoning metropolis of early twentieth century New York.
Two Lives is a memoir written by international best-selling author, Vikram Seth. In this interesting and engaging book, Seth writes about his great...
read more
Z, the novel about the life of Zelda Sayre Fitzgerald is at points charming and; like another reviewer, I kept thinking of the movie, "Midnight...
read more
Although heavy on the scientific details, which slowed down the story for me (OK, I admit, I was one of those liberal arts majors who skipped out on...
read more
British Parliament asks Amazon to clarify why it pays $9 million in income tax on $23 billion of UK sales.(May 20 2013) Amazon will be called back to give further evidence to members of the British Parliament "to clarify how its activities in the U.K. justify its low corporate...
Full Story
