Advertisement
Amazon.com is paying a heavy price for its
strategy of gaining market share at the expense of profit.
The largest online retailers said that it lost 274 million dollars
in the third quarter, compared to a profit of 63 million a year
earlier. It continues to incur costs of building its distribution
network and making Kindle tablet computers on which to sell its many
products.
Revenue grew 27 per cent in the quarter to 13.81 billion dollars,
compared to 10.88 billion dollars a year ago.
