“Kindle has become the #1 bestselling item by both unit sales and dollars – not just in our electronics store but across all product categories on Amazon.com. It’s also the most wished for and the most gifted. We are grateful for and energized by this customer response,” said Jeff Bezos, founder and CEO of Amazon.com. “Earlier this week we began shipping the latest generation Kindle. Its 3G wireless works in the U.S. and 100 countries, and we’ve just lowered its price to $259.”Earnings are up 69 percent compared to the same period last year, but even after this earnings growth the company is still trading at a P/E of around 60.
Amazon third-quarter profit up 69 percent
Posted on Friday, October 23 2009 @ 0:19 CEST by Thomas De Maesschalck