Online retailer Amazon has released its Q2 2012 earnings. Revenue is at $12.83 billion. The company previously had a strong Q1, showing a 34% increase in revenue to $13.18 billion following the holiday season.
The company does have a bothersome statement about its income:
?Net income decreased 96% to $7 million in the second quarter, or $0.01 per diluted share, compared with net income of $191 million, or $0.41 per diluted share, in second quarter 2011. The second quarter 2012 includes $65 million of estimated net loss related to the acquisition and integration of Kiva Systems, Inc.?
Amazon has made some interesting moves lately, that truly rumor and speculation based but the company is said to be working on a 10-inch version of its Kindle Fire Android-based tablet, with as many as ?five or six? different versions of the device. The move would most certainly prove welcome to fans of its streaming video service, which just saw an exclusive deal come to life with Warner Brothers.
There is also the speculation that they are looking into openning up more centers for shipping and could be looking at a possible same day shipping method that if successful in theory could cripple retailers. Looking at Amazon I would not be to concerned with down numbers this Q2. If it continues thru the rest of this year than maybe I would worry.