Amazon Q4 2011: Revenue Dropped by Nearly 60 Percent Despite Strong Kindle Sales

Amazon Q4 2011: Revenue Dropped by Nearly 60 Percent Despite Strong Kindle Sales

February 1, 2012 2:15 am 0 comments


TweetAmazon, an online retail giant has announced a sharp fall in profits and also warned about dis-satisfactory than expected results this year. Net income of Amazon for the last three months of 2011 was $ 177m as compared to $ 416m in 2010. This fall in net revenue came against an increase in revenues during the period [...]
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