Amazon reports almost 20% Sales increase in Q4 2008

Jan 30 2009, 5:00am CST | by Luigi Lugmayr

Amazon reported its Q4 2008 Earnings and the numbers are impressive. I am not sure why the Wallstreet is surprised as Amazon already reported in December that they had a record holiday shopping season. It was safe to assume that the whole quarter would be great and that sales increased quite a bit compared to last year.
Net sales increased 18% to $6.70 billion in the fourth quarter, compared with $5.67 billion in fourth quarter 2007.
Excluding the $320 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have even grown 24% compared with fourth quarter 2007. Operating cash flow was $1.70 billion in 2008, compared with $1.41 billion in 2007. Free cash flow increased 16% to $1.36 billion in 2008, compared with $1.18 billion in 2007.

Amazon is not stopping there. The online retailer even predicts that net sales would be growing between 9% and 19% compared with first quarter 2008. There is apparently no economic crisis in the Amazon.

where to buy

Buy from Amazon

What Others Say about This

Alibaba-Yahoo! talks hit impasse: report

AFP - Alibaba's move to buy out Yahoo!'s stake in the Chinese Internet titan has tripped on the California firm's determination to sidestep taxes, a Dow Jones-owned technology news website reported on Tuesday. AllThingsD.com cited unnamed sources as sayi ...
Full article at: France 24 More like this 1 hour ago

Fort Collins' VanDyne SuperTurbo gets $8 million venture capital boost

The Denver Post's reporters and editors offer news, analysis and commentary on the latest business, real estate, tourism, gambling and technology news in Colorado. VanDyne SuperTurbo Inc. — a Fort Collins start-up with technology aimed at making auto and ...
Full article at: Denver Post More like this 1 hour ago

NY Media Experts Share their Social Secrets During #SMWNY

SocialFlow, a digital publishing platform, is offering some helpful tutorials during NY’s Social Media Week, via NY media experts who use social media. The one-minute videos describe expert users’ social media secret weapons, including some picks from Re ...
Full article at: NYC Convergence More like this 2 hours ago

Don't miss ...

Technology News

Solar Powered Clothing: The Future of Mobile Charging...

Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.