Thursday, July 26, 2012

Amazon reports 96% fall in Q2 profit on robot deal

Amazon Kindle Fire

The company blamed the fall on a $65m loss from its purchase of robot-maker Kiva systems earlier this year.

Sales rose 29% to $12.8bn, slightly lower than analyst predictions.

The company blamed the strong dollar, which made its products more expensive in Europe and other key markets.

Amazon also warned it would make a loss of between $50m and $350m in the current three month period.



Source & Image : BBC

No comments:

Post a Comment