Amazon reported that net sales increased 22 percent to $16.07 billion in the first quarter of the financial year, compared to the same period last year. At the same time, the company reported that net income had decreased. Check it out:
Operating income decreased 6% to $181 million in the first quarter, compared with $192 million in first quarter 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $12 million. Net income decreased 37% to $82 million in the first quarter, or $0.18 per diluted share, compared with $130 million, or $0.28 per diluted share, in first quarter 2012.
In addition, the Kindle Owners’ Lending Library has swelled to more than 300,000 books that readers with Kindle Prime membership can check out once a month.