Friday, January 31, 2014

Amazon boasts $25.59 billion in sales for Q4 2013

Prime Instant Video added more content; still no Kindle sales numbers

Retailer, online services seller and Kindle maker Amazon has just released its Q4 2013 earnings, and it's another huge holiday quarter. In the final three months of 2013 Amazon posted $25.59 billion in sales, up 20 percent year-over-year. The quarter also saw Amazon post a relatively-rare operating income of $510 million, up 26 percent year-over-year, with net income being $239 million.

As for the non-financial quarterly news, Amazon is reporting a record-setting holiday season for its Amazon Prime shipping service, which now has "tens of millions of members." Prime Instant video added over 7,000 movies and TV shows to its catalog, now totaling 40,000 items. Moving to Kindle Fire, Amazon says that response time for its new Mayday help button was just 9 seconds on Christmas day even under the influx of new devices. As always, it has not released any Kindle sales numbers.