We’ve already heard from Apple, AT&T and Verizon regarding how much each of the companies managed to earn during their last quarters – and similarly – yesterday came the turn of Amazon to reveal its quarterly earnings report.
We’ve got the most notable takeaways, right after this …
According to the latest figures published by the online retailer, Amazon saw its operating cash flow increase by 12% to $3.90 Billion in Q4, 2011, which compared to $3.50 Billion operating cash flow the company reported for the year-ago quarter.
Net sales also saw an increase on the firm’s year-ago quarter, with the company reporting a 35% to $17.43 Billion for its last quarter. Meanwhile, Amazon’s operating income was pegged at $260 Million in the fourth quarter, this compares to $474 Million in Q4, 2010.
On the company’s achievements for the quarter, Founder and CEO of Amazon, Jeff Bezos, stated:
“We are grateful to the millions of customers who purchased the Kindle Fire and Kindle e-reader devices this holiday season, making Kindle our bestselling product across both the U.S. and Europe. Our millions of third-party sellers had a tremendous holiday season with 65 percent unit growth and now represent 36 percent of total units sold.”
Particularly interesting were the figures Amazon revealed regarding its mobile devices business, with the company reporting that the Amazon Appstore designed for Android customers “nearly tripled” in the fourth quarter compared to the firm’s third quarter. In addition, customers “downloaded more apps from the Amazon Appstore during the fourth quarter than they had during all previous quarters combined.”
Lastly, Amazon announced that during the 9-week holiday period ending December 31, 2011, Kindle unit sales, (including both the Kindle Fire and e-reader devices), increased by 177% over the same period last year – proving that there appears to be an element of explosive demand for its recently launched slate devices.
A full list of highlights from Amazon’s Q4, 2011 conference call can be found here.