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Amazon.com’a net sales hit $17.09 billion in Q3, up 24 percent from the comparable quarter last year, in which the company earned $13.81 billion.
The company announced its financial results for its third quarter today, and reported that its operating cash flow increased 48 percent to $4.98 billion for the trailing twelve months. In addition, the e-commerce giant revealed that its operating loss was $25 million in the third quarter, down from an operating loss of $28 million which the company experienced in the third quarter of 2012.
The company expects net sales to rise in Q4. Check it out: “Net sales are expected to be between $23.5 billion and $26.5 billion, or to grow between 10% and 25% compared with fourth quarter 2012.”
“It’s been a busy few months—we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button—average Mayday response times are just 11 seconds!” stated Jeff Bezos, founder and CEO of Amazon.com, in the release.
New Career Opportunities Daily: The best jobs in media.
Bloomberg Businessweek published an excerpt from The Everything Store: Jeff Bezos and the Age of Amazon, Brad Stone‘s upcoming book about the founder of Amazon.
The excerpt included a collection of infamous “devastating rebukes” that Bezos gave to employees at the company. We’ve collected five of our favorite rebukes below…
1. “I’m sorry, did I take my stupid pills today?”
continued…
New Career Opportunities Daily: The best jobs in media.
Wish you could be in a book club with Amazon founder Jeff Bezos? CNBC Tech Correspondent Jon Fortt wrote a popular LinkedIn post about his interview with Bezos this week.
The leader shared the three books he had Amazon’s top executives read, a peek into Bezos’ bookshelf: The Effective Executive by Peter Drucker, The Innovator’s Solution by Clayton Christensen and The Goal by Eliyahu Goldratt. Check it out:
This summer he spent time at Lab126, a Silicon Valley outpost about a mile from Apple headquarters where Amazon engineers hash out hardware designs. And he also hosted three all-day book clubs with Amazon’s top executives, capped by nice dinners at the end. Bezos said he used the books as frameworks for sketching out the future of the company.
New Career Opportunities Daily: The best jobs in media.
Amazon reported today that net sales increased 22 percent to $21.27 billion in the fourth quarter of 2012. The release also noted that eBooks are now a “multi-billion dollar category” for the company.
CEO Jeff Bezos had this comment: “After 5 years, eBooks is a multi-billion dollar category for us and growing fast – up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.”
According to CNBC, Wall Street analysts had predicted $22.26 billion in revenue for the quarter. At the same time, Amazon’s net income was down 45 percent compared to the fourth quarter of 2011, falling to $0.21 per diluted share from $0.38 from the same period last year.
New Career Opportunities Daily: The best jobs in media.
Today E L James became the first author ever named Publishers Weekly‘s Person of the Year, an annual award given to publishing leaders “shaping and, sometimes, transforming, the publishing industry.”
As part of the award, James will get a cover story and interview in the magazine. She joins a list of winners that includes David Shanks, Larry Kirshbaum, Jeff Bezos and Len Riggio.
Co-editorial director Jim Milliot explained the choice: “From boosting sales of print books through bookstores to putting a spotlight on a genre that had received little publicity, E.L. James’ impact on various parts of the book business cannot be overstated … She is well deserving of our Person of the Year award.”
continued…
New Career Opportunities Daily: The best jobs in media.
Amazon said today that it has sold all of its Kindle Fire tablets. The device launched in November 2011, and the retailer claims it has 22 percent of the U.S. tablet market.
Amazon has scheduled a mystery press conference next week, most likely to reveal some new devices. According to AppNewser, some believe that Amazon will release several new Kindle Fire devices in different sizes. Business Insider speculated that Apple has been developing the iPad Mini specifically to compete with the Kindle Fire.
Founder/CEO Jeff Bezos had this statement in the release: “This has been a big year for digital products on Amazon—all of the top 10 sellers on Amazon.com since Kindle Fire launched just less than a year ago are digital products. Kindle Fire is sold out, but we have an exciting roadmap ahead—we will continue to offer our customers the best hardware, the best prices, the best customer service, the best cross-platform interoperability, and the best content ecosystem.”
New Career Opportunities Daily: The best jobs in media.
In his new book trailer (embedded above), author Andy Laties staged a Godzilla and King Kong-style battle between the founders of Amazon and Barnes & Noble.
The action-packed video is for the upcoming book, Rebel Bookseller: Why Indie Businesses Represent Everything You Want To Fight for, from Free Speech To Buying Local To Building Communities. An illustrated Jeff Bezos starred as Amazilla and Len Riggio played Barnes Kong. Rebecca Migdal directed and illustrated the trailer.
Here’s the plot of the trailer: “Barnes Kong is on a rampage! The simian chain bookstore monster could go on stomping on independent bookstores and kidnapping dead authors forever, but the fearsome Amazilla has other plans: he wants in on the action. As the two battle with their laser e-readers, they destroy every public institution in sight. Can the Rebel Bookseller save the day, rescue Emily Dickinson and bring back a community of books?”
New Career Opportunities Daily: The best jobs in media.
Amazon has negotiated an “exclusive license” with Pottermore, adding all seven Harry Potter eBooks to the Kindle Lending Library.
J.K. Rowling‘s major bestseller will join more than 145,000 books that Amazon Prime member can check out for free (a service without due dates). The books will be available here on June 19th.
Amazon CEO Jeff Bezos did the math for Amazon users: “Over a year, borrowing the Harry Potter books, plus a handful of additional titles, can alone be worth more than the $79 cost of Prime or a Kindle. The Kindle Owners’ Lending Library also has an innovative feature that’s of great benefit for popular titles like Harry Potter – unlimited supply of each title – you never get put on a waiting list.”
New Career Opportunities Daily: The best jobs in media.
Amazon has negotiated an “exclusive license” with Pottermore, adding all seven Harry Potter eBooks to the Kindle Lending Library.
J.K. Rowling‘s major bestseller will join more than 145,000 books that Amazon Prime member can check out for free (a service without due dates). The books will be available here on June 19th.
Amazon CEO Jeff Bezos did the math for Amazon users: “Over a year, borrowing the Harry Potter books, plus a handful of additional titles, can alone be worth more than the $79 cost of Prime or a Kindle. The Kindle Owners’ Lending Library also has an innovative feature that’s of great benefit for popular titles like Harry Potter – unlimited supply of each title – you never get put on a waiting list.”
New Career Opportunities Daily: The best jobs in media.
The American Booksellers Association CEO Oren Teicher criticized Amazon’s price check app in an open letter to Amazon founder Jeff Bezos.
Earlier this week, Amazon unveiled a special discount for customers who use their new price comparison app–a way to scan prices at brick and mortar stores but buy on Amazon.
Here’s more from the open letter (reprinted below): “We could call your $5 bounty to app-users a cheesy marketing move and leave it at that. In fact, it is the latest in a series of steps to expand your market at the expense of cities and towns nationwide, stripping them of their unique character and the financial wherewithal to pay for essential needs like schools, fire and police departments, and libraries.”
continued…
New Career Opportunities Daily: The best jobs in media.
By:
[email protected],
on 7/27/2011
Blog:
Schiel & Denver Book Publishers Blog
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Amazon.com is experiencing its "fastest growth" in more than a decade with accelerating Kindle sales, according to its founder Jeff Bezos, but at a cost to the bottom line.
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By: Anastasia Goodstein,
on 6/8/2010
Blog:
Ypulse
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MTV says sorry for the swears (at this year's Movie Awards, some of which slipped by censors. Though with critics wondering if the event has lost all cultural and commercial relevance and viewership seeing a 13 percent drop from last year, FCC that... Read the rest of this post
On December 26th, Amazon announced that, for the first time ever, they had sold more ebooks than physical books on Christmas Day. In an interview, Jeff Bezos was quoted as saying that he believes that the print book will eventually disappear.
Amazon also announced that the Kindle has become the most gifted item in Amazon’s history. What do you think? Do you think physical books will disappear?
Marty Manley, former CEO of Alibris, blogged about Jeff Bezos of Amazon, and his recent decision to spend a week working in an Amazon warehouse:
"I competed with this guy for a decade and frequently thought he was nuts. I questioned almost everything about Amazon, from their international expansion, acquisitions, Kindle, customer obsessiveness, 12 million square feet of DCs, debt load, savage discounting, corporate paranoia, the UI, capital expenditures, the acronyms programs like AWS, S3, FBA, EC2, and even Prime when it first launched...Now I make the predictable comment that more CEOs should spend a week as an hourly employee looking at their company from the bottom. But then I have to ask the harder question: in ten years as the founding CEO of Alibris, how many weeks did I spend packing books in our warehouse or staffing a customer service desk? None. I always had more important priorities." (more...)
[Now reading: The Shock Doctrine by Naomi Klein]
By:
Jenny Turner,
on 9/7/2008
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Quake: Shakin' up Young Readers
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That seems to be the general consensus lately. Jeff Bezos, a true business warrior is obviously in a buying mood. Word on the street is that after his recent purchase of ABE Books, he is not purchasing Shelfari. Soon, he will own the world. And you heard it here first.
What does this mean to us? Well, that depends on how you look at it. If you look at it from a reader's point of view, who cares. It probably won't change anything in the scheme of life. From the author's point of view, it is a whole new ball of wax.
Shelfari is one of those places that readers can keep track of what they read and write reviews and so forth. In my opinion, it is an antiquated version of GoodReads. Shelfari has big clunky images and so forth and I just don't find it to be as nice as GoodReads. This could all change when Bezos' people get in their and start shuffling things around.
I do frequent GoodReads a lot and one of the reasons is because of their relationship with Amazon.com As a publisher, I am a huge fan of Amazon.com. I know there are people out there who think they are out to monopolize the industry, and that may be true. But as long as they keep making my company's books available and selling them, I say, "More power to 'em!"
Back to Shelfari. Now that Amazon.com is going to own this and have a good chunk of control over the program, I am hoping that it increases the exposure of our books to readers in general. That is our goal. I am not a fan of the incestuous relationship many authors have come to rely on inside the book industry. Too many authors are missing the boat by focusing all their attentions on the writing community and fellow writers. Sure, writers also read, but they are at cross-purposes with regard to buying books. Fellow writers are not as much concerned with buying your book as they are with you buying their book! It's a fact, deal with it.
Amazon allows authors a few really good venues for reaching readers. They have their Amazon Shorts. They also have Amazon Connect. If you don't know what these are, you should check them out. Whether you are a writer or a reader, you both stand to benefit.
Readers want great books and stories to read. I hear lots of grumbling at events that some of the "favorites" are starting to lose steam. They have written so many books that their new ones are starting to sound like the old ones with new character names. It's bound to happen eventually. This is why new authors need to focus on gaining the loyalty and respect of readers.
You can find me at Shelfari, GoodReads, FaceBook, Twitter, MySpace, etc. They are all great places to find new authors and to find readers. Don't be shy, get out there and mingle, network, and for the love of all things sacred READ MORE BOOKS!
And readers, authors love to get feedback on their books. A lot of authors make themselves very accessible in Internet forums, as well as at conferences and festivals. Don't be shy, come up and talk to us. We are, after all, human, just like you.
And for you mystery lovers, don't miss your chance to rub elbows with some of the best mystery authors and fans in the world at the Bouchercon World Mystery Convention in Baltimore, MD. You can get more info and register by clicking here.
©Karen L. Syed
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>>>he is not purchasing Shelfari
The Typo God has visited yuou. I think you meant "now."
Happens to me all the frikkin time!
Very good post and advice. It is true, trying to market your book to other authors is a little like trying to sell your particular brand of ice to eskimos. thanks for the tip (reminder, actually) about amazon shorts and connects. I've been meaning to get going on both those, and your post today was very timely.
I actually buy books from authors I've met as a rule of thumb - I've rarely been disappointed in the read and I like to support my fellow authors!
I haven't ventured into MySpace or Face Book, but have joined GoodReads and Twitter. I was just on the phone consulting with an author about online promotion. That's where it's at in today's world. But...I'm with you Dana, I sure like meeting authors in person.
Hey Karen! Good to see you're back on Twitter. Sorry to hear you're not feeling so well! :blog hugs:
Don't know if you heard, but I'm going to be published in the inaugural issue of In The Mist magazine!!
http://www.inthemistmag.com/index.html
I feel like I owe you my firstborn... or perhaps more appropriately, my first edition ;)