Earnings Call: Amazon Sees Kindle As Additive, Not Cannibalistic
Amazon (NSDQ: AMZN) CFO Thomas Szkutak wrapped up his summary of the e-tailer’s Q3 earnings telling listeners that the company began seeing slower rates of growth as the quarter was coming to an end. While Amazon’s net income gained 48 percent to $118 million ($0.27 per diluted share) beating a consensus analyst forecast of $0.25, and revenue rose 31 percent to $4.26 billion (missing analysts
Good point on the kindle being addictive. I had a chance to use one for a few minutes, and have wanted one ever since.
Just a clarification: The article says its 'Additive' – as in it will help the revenue of Amazon, not 'addicting' although it may be and only time will tell.