Amazon Q4 Sales Boom

Amazon revealed its earnings report for Q4 this week and the online giant had massive sales success over the holiday quarter with sales of $9.5 billion. That number is up 42% compared to Q4 2008. Amazon reports that cash flow increased 114% to $2.92 billion in 2009 compared to 1.36 billion in 2008.

Amazon says that counting out a favorable impact from changes in foreign currency; sales would have still increased 37% over the quarter compared to 2008. Net income for the quarter increased 71% to $384 million compared to the $225 million from 2008.

I don’t get why Amazon still won't tell us how many Kindle devices they are selling. We know it was probably one of the biggest sellers in electronics over the holidays. Amazon did report that its purchase of Zappos.com added $200 million to the Q4 revenue.

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