Amazon.com Third Quarter 2011 report has net sales up 44%

Oct 25, 2011
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The team at Amazon.com have released information surrounding their third quarter sales as well as reporting to stock holders that their four new Kindle devices will blow away consumers for the holidays. Financial results for the third quarter ended in September 30, 2011 showed operating cash flow increasing by 19% to $3.11 billion for the 12 months trailing that date, while the 12 months in that timeframe ending at September 30 in 2010 ending up just below that number at $2.62 billion. Net sales had a similar jump at 44% to $10.88 billion in the third quarter while the same quarter last year yielded $7.56 billion.

On the other hand, net income decreased 73% to $63 million in the third quarter of 2011 while net income in the third quarter of 2010 was $231 million. That's a pretty big drop, if you did not know. It's of course at this point in the presentation, right after dropping that relative bomb, that Amazon lets the board know that the Kindle Fire is doing really, really well. Have a look at this quote from Jeff Bezos, founder and CEO of Amazon.com:

"September 28th was the biggest order day ever for Kindle, even bigger than previous holiday peak days - we introduced Kindle Fire for $199, Kindle Touch 3G for $149, Kindle Touch for $99, and our all new Kindle for only $79. In the three weeks since launch, orders for electronic ink Kindles are double the previous launch. And based on what we're seeing with Kindle Fire pre-orders, we're increasing capacity and building millions more than we'd already planned." - Bezos

As far as the fourth quarter goes, Amazon.com expects things to be rather good. Net sales are being seen as quite possibly being between $16.45 billion and $18.65 billion, that bing between 27% and 44% compared to the same quarter in 2010. Similarly, operating income (loss) is set to be between a 142% and 47% decline when compared to the same quarter 2010. Have a peek at our hands-on with the Kindle Fire from the release day a few weeks ago below and see if you've got the hankering to add to the next quarter of Amazon.com sales greatness:


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