Amazon’s Q2 financials: even better than Q1!
Last quarter, I was blown away by Amazon’s 28% sales growth.
This quarter, as reported in this
and in this
the second quarter was even better, with a 31% increase over the same quarter in 2015!
This is starting to remind me of the movie The Blob…it just keeps growing and growing. 😉
That 31% number, though, is not the most astounding one in the information given.
How about this?
“Net income was $857 million in the second quarter, or $1.78 per diluted share, compared with $92 million, or $0.19 per diluted share, in second quarter 2015. “
That’s more than nine times as high!
I’m going to give you one more small excerpt:
“The second annual Prime Day was the biggest day ever for Amazon, and was also a record day for Amazon devices globally. Compared to Prime Day 2015, worldwide orders grew by more than 60%, orders from third-party sellers with Prime Day deals nearly tripled, and Prime members saved over twice as much on deals.”
They list all sorts of accomplishments, including the introduction of the new
which has Bluetooth audio connection capability.
Even though that was mentioned, AWS (Amazon Web Services) was the star.
Clearly, another important piece was international expansion, especially in India.
That’s one reason why there is still a lot of room to grow.
It appears that what I call Phase 2 is working. 😉
By this time tomorrow, we’ll know what the “secret product” which I wrote about here:
I think there is a chance that it is the hardback of
although I would have thought they would have really promoted that they could get that to people between midnight and 2:00 AM…so that hardback purchasers could have it as soon as Kindle purchasers.
However, the actual release date is Sunday…I don’t think they are going to be able to break the presumed embargo. There would have to be a special deal, and I just don’t think that’s the case.
I’m pleased that it will be getting more people to read plays…I’ve enjoyed many plays in book form.
While I definitely want to read it, at $14.99, I’ll give a family member the opportunity to give it to me as a gift. 😉
On the other hand, it may be something much more innovative. It appears that Len Edgerly is perhaps interviewing Amazon CEO Jeff Bezos for Friday’s
That will be the 8th anniversary show, and Len said that it was off to Seattle for hopefully the same guest as was on the 4h anniversary show…and the July 26th, 2012 episode had Jeff Bezos as a guest…
Interesting times indeed!
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* I am linking to the same thing at the regular Amazon site, and at AmazonSmile. When you shop at AmazonSmile, half a percent of your purchase price on eligible items goes to a non-profit you choose. It will feel just like shopping at Amazon: you’ll be using your same account. The one thing for you that is different is that you pick a non-profit the first time you go (which you can change whenever you want)…and the good feeling you’ll get. Shop ’til you help! By the way, it’s been interesting lately to see Amazon remind me to “start at AmazonSmile” if I check a link on the original Amazon site. I do buy from AmazonSmile, but I have a lot of stored links I use to check for things.
This post by Bufo Calvin originally appeared in the I Love My Kindle blog. To support this or other blogs/organizations, buy Amazon Gift Cards from a link on the site, then use those to buy your items. There will be no cost to you, and a benefit to them.