News

Amazon.com’s product sales up 29% in Q1 of 2012

diamond world news service

Online retailer Amazon.com noted that the quarter ending March 31, 2012 was favourable for its sales. Product sales in the three months rose 29 percent (on y-o-y basis) to $11.25 billion.

The retailer’s consolidated sales were up 34 percent to $13.19 billion. Its operating expenses also surged, by 36 percent to $13 billion. Its North American region sales rose 36 percent to $7.43 billion and its international sales were up 31 percent to $5.76 billion.

The three months did not deliver robust figures for net earnings, which dropped by 35 percent to $130 million.


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