Wild Amazon Profits Shows Online Purchasing Increasing

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Amazon, the world’s largest online retailer has reported a second-quarter profit that rose more than many analysts estimated, according to a report in Bloomberg.

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According to the report, Amazon profit climbed some 8.6 per cent to $US76.58 yesterday, with full-year sales surpassing the $US20 billion mark.

The online retailer says it expects its full-year operating income to be in the order of anywhere between $US745 million to $US920 million.

However, Amazon’s net income increased to $US158 million from $US78 million, a result which was also helped by the sale of the company’s European DVD rental unit, the Bloomberg.com report said.

All up, international sales climbed some 47 per cent, which was also helped by the US dollar’s decline against other currencies, notes bloomberg.

According to the report, sales of books, DVDs and other media increased 31 per cent to $US2.41 billion, with electronics, jewelry, apparel and other general merchandise climbing 58 per cent to $US1.53 billion, a category that accounts for 38 per cent of total sales.

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