Android World Update # Amazon Q3 2013 earnings are out - $17.09 billion in sales, operating loss of $25 million

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Amazon Q3 2013 earnings are out - $17.09 billion in sales, operating loss of $25 million Oct 25th 2013, 00:39, by Andrew Martonik Still seeing net losses despite huge sales numbers; no Kindle Fire sales figures given Amazon has just posted its Q3 2013 earnings report, and the line seems to follow much the same trend as previous quarters. While the retail and online service giant posted a massive $17.09 billion in sales, up 24 percent year-over-year, it still posted an operating loss of $25 million (net loss of $41 million) for the quarter. That loss is improved from an operating loss of $28 million in the same quarter last year, and Amazon claims $7 million of that loss was due to negative foreign exchange impact, but losses are still never good to see. As is the case every quarter, Amazon chose not to break out any sales figures of its Kindle Fire tablets, although it did take a moment to remind everyone that it has launched three new models and is offering a great experience with the Mayday button: "average Mayday response times are just 11 seconds!” said CEO Jeff Bezos. read more

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