Seattle Office of Film + Music


AMAZON POSTS PROFIT GAINS AS OFFLINE RIVALS STRUGGLE
April 24, 2009, 10:26 am
Filed under: Digital Media | Tags: ,

New York Times
Amazon.com has joined Apple among the ranks of technology firms that are still growing robustly despite a shrinking economy. Amazon, the online retailer based in Seattle, posted stronger-than-expected earnings during the slow winter months, attracting cost-conscious consumers with offers of free shipping and competitive prices for its wide variety of products. Amazon’s net profit rose 24 percent, to $177 million, or 41 cents a share, in the quarter ending March 31, up from $143 million, or 34 cents a share, in the same quarter a year earlier.


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