Amazon Posts Quarterly Results

Amazon Posts Quarterly Results

Amazon yesterday posted their quarterly results, and they also missed expectations set by Wall Street. However, Amazon also didn’t turn a profit, posting losses of $274 million. This is likely due to increased costs on the R&D side to create new devices, as well as costs incurred while trying to purchase the rights to music, movies, and books that can be accessed via Amazon’s growing tablet base. In other words, this likely isn’t an accurate look in to how Amazon’s model of selling devices at cost, and then trying to make money off of content sales is panning out. For that, the public will likely have to wait at least a year.

Post a response / What do you think?