Amazon reported today that net sales increased 29 percent to $12.83 billion in the second quarter of 2012, up from $9.91 billion which the company earned in its second quarter 2011.
GalleyCat points out that the company still missed Wall Street estimates of $12.9 billion in sales. Here is more from the blog: “The company noted that Kindle Direct Publishing authors had scored 20 spots on Amazon’s list of the top 100 bestselling Kindle titles. The quarter also included an estimated loss of $65 million as the company acquired Kiva Systems.”
In the earnings report, Amazon was quick to point out that the Kindle Fire tablet remains the No. 1 bestselling product on Amazon.com since launch. The company also highlighted the expansion of its app store in Europe. The press release has more: “Amazon.com announced that developers can now submit mobile apps for distribution through our upcoming appstore launches this summer on the Company’s U.K., German, French, Italian and Spanish sites. In just over one year, the Amazon Appstore on www.amazon.com has grown to tens of thousands of apps and games.”