Inside Amazon-dot-com

In its quarterly earnings announcement yesterday, Seattle based Amazon.com, the largest US eCommerce company, admitted that it has missed bith revenue and profit estimates for Q3, 2014. These disappointing third-quarter results see the online retailer’s shares at 9 percent lower than the 7 to 18 percent revenue growth that was originally forecasted. This loss has taken more than $15 billion off of Amazon’s market value (now at $144.7 billion) and seen their stock plummet 13 percent since the poor Q2 results announced in July. Amazon is reporting losses around $437 million resulting from failed product launches and various acquisitions and expansions that take the ecommerce company further and further away from their original charter and core competency. Amazon continues to invest heavily in hardware devices, expanding it to include a phone and dropping the word "Kindle" from their Tablet line of products, simplifying it to just Fire. However,  the hyped...

Amazon.com Inc., the global leader in e-commerce, reported in a press release that customers have been buying “well over” one million Kindle devices a week, for three consecutive weeks  now. The tally of more than a million devices is across all the products in the Kindle family,  including Kindle Fire, Kindle Touch, Kindle Wi-Fi, and Kindle 3G with Keyboard.  In Amazon’s press release, Dave Limp, an executive for the company, called Kindle Fire “the  most successful product” Amazon has ever launched and asserted that customers are buying the  product because of its simplicity. He also claimed that Kindle Fire makes it “easy [for users] to  do the things they love” such as watching TV reruns and movies, surfing the Internet, reading,  enjoying music, and playing games.  Even though Amazon did not disclose the actual sales numbers for each device within the Kindle  family, the press release was obviously aimed at promoting Kindle Fi...