Sales expansion for the Kindle doesn’t look to be slowing down anytime in the near future
Navi Mumbai, Maharashtra -- (SBWIRE) -- 09/09/2013 -- Seattle-based Amazon Inc. reported some impressive sales numbers this quarter with net sales up 22% to $15.70 billion versus $12.83 billion in the second quarter of 2012. Commenting at Amazon’s Q2 2013 earnings call, CFO Thomas Szkutak gave out Q3 2013’s net sales guidance to be between $15.45 billion and $17.15 billion, growth of between 12% and 24%.
On the subject of the Kindle Fire HD expansion, he further noted in the Q&A session of the conference call that they had announced the Kindle Fire HD to global customers in over 170 countries. In China, Kindle Paperwhite has been launched at their website as well as at several offline retail locations. He also went on to state on China that he was “very encouraged by the opportunity that we have there for customers and our ability to capitalize on that from a digital content standpoint”.
Speaking on Amazon’s device plan, Thomas Szkutak stated that they’re very pleased with the devices they have to offer customers and think they’ve got a great offering both in terms of the Kindle and Kindle Fire.
Though the prepared remarks were mostly around their balance sheet performance, analysts on the conference call came up with interesting questions around Amazon’s operations and business outlook. Find the thorough question and answer session from their Q2 call over here.
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