Amazon Reports 23% Increase in Q1 Net Sales, Reaches $19.74B


By Dianna Dilworth Comment

amazon304Amazon reported that its net sales increased 23 percent to $19.74 billion in the first quarter, up from $16.07 billion in Q1 2013.

The company also revealed that its operating income decreased 19 percent to $146 million during the first quarter, when compared to the $181 million they reported as income in Q1 2013. Amazon’s net income increased to $108 million in the first quarter, up from $82 million from Q1 2013.

The company attributed part of its growth to the launch of Fire TV. Amazon chief Jeff Bezos stated, “Our device team launched Fire TV, offering great content, including our recently announced exclusive deal with HBO, and innovative features like unified voice search, which we’re delighted is being adopted by so many new partners, including Netflix, HBO Go, Hulu Plus, Crackle and Showtime Anytime. The team is working hard to keep Fire TV in stock.”