On its prime day this holiday shopping season , Amazonsold an amazing 26.5 million items at a rate of 306 items per second . And the honour of being the “ # 1 best - selling , most talented , and most wish for product ” goes to Amazon ’s Kindle Fire HD . The button is chock full of winnings for Amazon but take a flavor at the below look-alike :
That ’s crazy , correct ? If Amazon is selling boat freight of Kindles and extradite over 23 million forms of digital subject matter on Christmas day , how in the blaze did their final income drop off by near one-half of what it was in 2011 ? Is Amazon bleed money subsidizing Kindles ? Not exactly . Or at all really .
In the past year , Amazon acquired four noted engineering science companies along with several other small company across various vertical . Kiva , an on-line fulfillment fellowship , be the troupe a thumping $ 775 million earlier this twelvemonth . Amazon also acquired UpNext , a 3D mapping company , for an undisclosed centre that ’s likely around the $ 2.5 million mark .
So yeah , despite a massive dive in full net income this year , I would n’t go selling off my Amazon stock anytime shortly . ( Not that I own any Amazon strain . )
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