News Column

Amazon Posts Quarterly Loss Despite Sales Gain

Oct. 25, 2012
amazon 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.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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