Amazon Net Sales Hit $16B in Q1 2013, Up 22%

Amazon’s net sales were $16.07 billion in the first quarter of 2013 an increase of 22 percent, compared with $13.18 billion in first quarter of 2012, the company said today.

During the quarter, Amazon acquired social reading platform Goodreads; made the Kindle Fire HD 8.9” available in more countries; and made Amazon MP3s available to iPhone users. They also grew the Kindle Owners’ Lending Library, which lets Amazon Prime customers borrow eBooks for free, to 300,000 books. The company also focused on expanding its TV and film licensing agreements and on creating original programming.

“Amazon Studios is working on a new way to greenlight TV shows. The pilots are out in the open where everyone can have a say,” stated Jeff Bezos, Amazon’s CEO. “I have my personal picks and so do members of the Amazon Studios team, but the exciting thing about our approach is that our opinions don’t matter. Our customers will determine what goes into full-season production. We hope Amazon Originals can become yet another way for us to create value for Prime members.”

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!