Amazon's Net Sales Up 27% In Q3
Amazon’s net sales increased 27 percent from $10.88 billion to $13.81 billion in the third quarter of 2012, according to an earnings report released by the company today.
Amazon CEO Jeff Bezos commented on the news stating, “Our approach is to work hard to charge less. Sell devices near breakeven and you can pack a lot of sophisticated hardware into a very low price point. And our approach is working – the $199 Kindle Fire HD is the #1 bestselling product across Amazon worldwide.”
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