Home Amazon Sales up 51% But No Word on a Tablet

Amazon Sales up 51% But No Word on a Tablet

Amazon posted its financial results for the second quarter of 2011 today. The big news was that sales hit $9.91 billion, a 51% increase from the same period last year. But there were few details about Kindle or e-book sales, although the company did note, unsurprisingly, that Kindle sales were up compared to first quarter 2011.

The word “tablet,” which has been murmured excitedly by Amazon followers for some time, came up only once during a conference call with company CFO Thomas Szkutak after the earning announcement. The question received this non-response from Szkutak:

“We have a longstanding practice of not talking about we might or might not do.”

Szkutak also declined to speculate about customers’ overall preferences for digital vs. physical media. When asked about which one Amazon Prime customers, who get free shipping on physical orders and unlimited streaming of digital content, choose he answered, “We’re liking some of the metrics,” but it’s “too early” to speculate, adding that “our good customers like both” digital and physical media.

Answers about Amazon Web Services, which analysts have been watching closely lately, were equally nonspecific. The AWS team was praised repeatedly throughout the call, but specifics were scarce. “We will continue to invest in the business because of the high-growth nature of it,” Szkutak said.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest iGaming headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Gambling News

    Explore the latest in online gambling with our curated updates. We cut through the noise to deliver concise, relevant insights, keeping you informed about the ever-changing world of iGaming and its most important trends.

    In-Depth Strategy Guides

    Elevate your game with tailored strategies for sports betting, table games, slots, and poker. Learn how to maximize bonuses, refine your tactics, and boost your chances to beat the house.

    Unbiased Expert Reviews

    Honest and transparent reviews of sportsbooks, casinos and poker rooms crafted through industry expertise and in-depth analysis. Delve into intricacies, get the best bonus deals, and stay ahead with our trustworthy guides.