Amazon Mobile Sales Topped $1 Billion In Past 12 Months

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Earnings

Amazon Mobile Sales Topped $1 Billion In Past 12 Months

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Jeff Bezos is bullish on mobile, whether it’s Kindles, smartphones or what he calls the “new category” of wireless tablet computers. Why? Amazon (NSDQ: AMZN) customers spent more than $1 billion via mobile device in the past 12 months, including sales by Kindle, and Bezos used the Q2 earnings release to suggest that tablets “over time” could “become a meaningful additional driver for our business.”

Bezos’s comments came a couple of days after Amazon released some striking stats about Kindle and e-book sales growth. But during a call with press this afternoon, CFO Tom Szkutak tamped down ideas about what that might mean for the Kindle’s contribution to Amazon’s bottom line. Asked if Kindle sales are closer to being “material” to Amazon’s finances, Szkutak sidestepped a bit, saying only that Kindle is “growing nicely” and “we are very pleased with how that business is doing.”

Mobile growth contributed to an increase to $6.57 billion in Q2, up 41 percent from $4.65 billion in the same quarter last year. Net income was up 45 percent to $0.45 per share from $142 million or $0.32 per share in Q209. But, according to MarketWatch, FactSet Research analysts had higher hopes for earnings of $0.53 per share. The result: Amazon got smacked in after-market trading by a 12 percent-plus drop in share value.