Amazon Stock Up on Monday After Strong Holiday eBook Sales
All of Amazon’s good holiday news–that Kindle was the most gifted item, that more eBooks than physical books sold on Christmas, and that the company sold 9.5 million items on its peak day of December 14–boosted its stock yesterday.
According to Reuters, an analyst from Lazard Capital “called Amazon’s holiday performance ‘remarkable,’ and said Amazon’s 51 percent growth in peak-day items ordered and about 25 percent growth in peak-day unit shipments pointed to further market share gains.”
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