Amazon has released their quarterly earnings, and like many companies in the tech sector, things are good and bad. The bad looks really bad, so let's start there. Net income has dropped to $7 million, which is a 96-percent decrease when compared to the same period in 2011. On the plus side, sales are up $12.83 billion (with a "b"), a rise of 29-percent. When sales go up, and income goes down, one of the likely suspects is the economy and Amazon says changes in the foreign exchange rate caused a $272 million hit to sales figures.
On the Android side of things, the Kindle Fire remains the single best selling product across the millions of goods one can purchase from Amazon, and the top 10 selling items were all associated with the Kindle line -- Kindle units, Kindle books, and Kindle accessories. The economy may be tanking, and profits are down everywhere, but Android still makes Amazon lots o' dollars. Read the full press release after the break.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/v6QD3ZEjaMM/story01.htm
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