Amazon Turns $2.7 Billion Loss in 2022 to a Profit of $30 Billion in 2023

A strong holiday shopping season, an improved fulfillment operation, and cost cuts including an estimated 27,000 layoffs resulted in a $30 billion profit for Amazon in 2023 following a loss of $2.7 billion in 2022. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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B&N Quarterly Sales Fell 7%, But Losses Cut

Revenue at Barnes & Noble fell 7% in the first quarter ended August 2, to $1.23 billion, but the retailer cut its net loss to $28.4 million from $87.0 million in the first period of fiscal 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-09 00:00:00 UTC ]
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A Loss for Amazon

Amazon sales in the second quarter rose 23%, to $19.34 billion, in line with analysts' expectations, but the net loss of $126 million was deeper than expected. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-24 00:00:00 UTC ]
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Amazon-backed award turned down by Ahlberg

Distinguished children’s author Allan Ahlberg [pictured] has declined the inaugural... Continue reading at The Bookseller

[ The Bookseller | 2014-07-10 00:00:00 UTC ]
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Amazon offers 100 percent of ebook profits to Hachette authors as dispute rages on

Amazon recently offered Hachette writers 100 percent of ebook profits until the dispute between the publisher and the bookselling giant is resolved. The move prompted criticism from Hachette.  Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2014-07-10 00:00:00 UTC ]
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Amazon war with Hachette over ebook profit margins intensifies

Dispute has also dragged in authors including JK Rowling and James PattersonIt is another mystery for inspector Rebus to solve. Why is Amazon UK selling Saints of the Shadow Bible, the latest instalment of Ian Rankin's best-selling series about the Edinburgh sleuth, for half the price being... Continue reading at The Guardian

[ The Guardian | 2014-05-28 00:00:00 UTC ]
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Amazon Posts A (Small) Profit

Total sales in Amazon’s fourth quarter in 2013 rose 20% over the last quarter of 2012, hitting $25.59 billion, while net income rose to $239 million from $97 million in last year’s final period. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-01-30 00:00:00 UTC ]
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Amazon Has Big Sales Gain, Small Loss

Total revenue at Amazon increased 24%, to $17.09 billion, in the third quarter of 2013 while its operating loss was $25 million, down from $28 million in the third quarter of 2012. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-10-24 00:00:00 UTC ]
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Amazon's Kindle MatchBook turns past print purchases into low-cost ebooks

It's yet another step in Amazon's merging of the physical and digital worlds—and another ploy for platform lock-in. Continue reading at PC World

[ PC World | 2013-09-03 00:00:00 UTC ]
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Condé Nast Cuts Deal With Amazon To Turn Magazine Subscriptions Into An All–Access Business

Condé Nast has struck a deal with Amazon that will give the Vogue, Vanity Fair, and New Yorker publisher access to 200 million potential new subscribers who are already spending money shopping on Amazon, according to a Reuters exclusive. The deal, the first of its kind, will allow Condé Nast to... Continue reading at Fast Company

[ Fast Company | 2013-08-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #print editions #vanity fair #direct mail #digital readers


Amazon hikes sales, but posts $7m loss in second quarter

Amazon posted a surprise loss of $7m (or £4.56m) in its second quarter, despite achieving a... Continue reading at The Bookseller

[ The Bookseller | 2013-07-26 00:00:00 UTC ]
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News Corp. Spinoff Pegs Value of Publishing at $9.1 Billion (2)

News Corp. (NWSA)’s publishing spinoff began trading today at a market value of about $9.1 billion, one-seventh the size of the entertainment side of the media empire, underscoring the business’s growth challenges. The &ldqu ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2013-06-20 00:00:00 UTC ]
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Amazon's bringing its Kindle Fire HD 7, 8.9 to India on June 27th

Having recently rebranded its operations in India under the Amazon name, the retailer announced today that it's launching the Kindle Fire HD 7 and 8.9 there later this month. Due on June 27th, the two tablets will ship for 15,999 ($275) and 21,999 ($380) rupees with access to a reported 1.9... Continue reading at Engadget

[ Engadget | 2013-06-13 00:00:00 UTC ]
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Amazon reports losses in third quarter

Amazon reported a loss of $274million (£170m) in its third quarter, blaming an unfavourable... Continue reading at The Bookseller

[ The Bookseller | 2012-10-26 00:00:00 UTC ]
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Amazon unveils $159 7-inch Kindle Fire 2012 with 1GB RAM and 44 percent better performance

Amazon has officially unveiled the 2012 vintage of the Kindle Fire, which is reportedly 44 percent more powerful than its predecessor. The service-orientated slate (as opposed to a gadget, which CEO Jeff Bezos claims nobody wants) comes with a bigger battery, a new processor and 1GB RAM --... Continue reading at Engadget

[ Engadget | 2012-09-06 00:00:00 UTC ]
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News Corp Registers $1.6 Billion Fourth-Quarter Loss

Rupert Murdoch's News Corp has swung to a loss partly due to the weakness of its publishing business, which includes newspapers like the Times and the Sun. The fourth quarter net loss was $1.6bn (£1bn) compared with a net income of $6 ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-08-08 00:00:00 UTC ]
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HMV makes a profit from Waterstone's, as losses deepen

The HMV Group made a profit of £11.5m from the sale of book chain Waterstone's, but the... Continue reading at The Bookseller

[ The Bookseller | 2011-12-19 00:00:00 UTC ]
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Amazon profits slump after heavy Kindle investment

Written By: Lisa Campbell Publication Date: Wed, 26/10/2011 - 10:05 Amazon’s profits have dropped by 73% in its third quarter, with the company's investment in its Kindle e-readers blamed for the slump. In the three months to 30th September, net income fell from $231m (£144.4m) to $63m... Continue reading at The Bookseller

[ The Bookseller | 2011-10-26 00:00:00 UTC ]
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Turn, turn, turn

If we are fortunate, then this past week may come to be seen as a turning point: the victory of president-elect Joe Biden; the announcement of a potential vaccine; the lifting of the most severe Covid-19 restrictions in Wales; and the moment at which the industry found its voice and declared... Continue reading at The Bookseller

[ The Bookseller | 2020-11-12 20:45:59 UTC ]
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ALA 2023: Judy Blume, Amanda Gorman to Headline 2023 ALA Annual Conference

Great speakers and a strong slate of educational programming await the library community at of the 2023 ALA Annual Conference, set for June 22–27 in Chicago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-09 04:00:00 UTC ]
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The Morning After: Our verdict on the Pixel 7 and Pixel 7 Pro

Yes, we’ve got full reviews of Google’s new flagship phones as well as its first smartwatch. The phones fare better than the wearable, but we are on the seventh generation of Pixel smartphones, so that’s to be expected.In addition to new software features and Tensor G2 chip, the Pixel 7 Pro gets... Continue reading at Engadget

[ Engadget | 2022-10-13 11:15:44 UTC ]
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