Kindle Fire helps Amazon top Q1 estimates

<div class="ex"><p align="center"><img alt="Kindle Fire helps Amazon top Q1 estimates" src="http://www.new-technology-news.net/wp-content/uploads/2012/04/kindle_fire_duo-470-75.jpg"></p><p>Amazon announced its first quarter earnings, which beat profit estimates thanks to strong Kindle Fire sales.</p><p>First the bad news: Amazon’s profits are down overall at $130 million net income compared to last year’s Q1 net income of $201 million. </p><p>Amazon attributes the drop to the company’s various investments, such as fulfillment centers, web services infrastructure and video content rights.</p><p>Here’s the good news: that the $130 million, which translates to 28 cents per share, beats the online giant’s first quarter estimate of reaching 6 cents per share. </p><p>Meanwhile, revenue grew 34 percent to $13.18 billion, beating expectations set for $12.91 billion.</p><h4>Kindle Fire Amazon’s best selling e-reader</h4><p>The Kindle Fire was the star of Amazon’s first quarter, taking the top spot as Amazon’s best-selling item. </p><p>As a result, Amazon saw a 17 percent increase in media sales that are mostly attributed to customers filling their new Kindle Fire with digital movies and books. </p><p>Looking ahead, Amazon is estimating revenue in its second quarter to grow between 20 to 34 percent, or between $11.9 billion to $13.3 billion. </p><p><a href="http://feedproxy.google.com/%7Er/techradar/allnews/%7E3/5VnYUUDag8U/story01.htm" rel="nofollow" target="_blank">View the original article here</a></p><p><!--END--></p><div style="clear: both;"></div><div class="snap_nopreview sharing robots-nocontent"><ul><li class="sharing_label">Want to share?:</li><li class="share-email share-regular share-service-visible"><a class="share-email share-icon" href="http://www.new-technology-news.net/kindle-fire-helps-amazon-top-q1-estimates/?share=email&nb=1" rel="nofollow" target="_blank" title="Click to email this to a friend">Email</a></li><li class="share-print share-regular"><a class="share-print share-icon" href="http://www.new-technology-news.net/kindle-fire-helps-amazon-top-q1-estimates/#print" rel="nofollow" target="_blank" title="Click to print">Print</a></li><li class="share-digg share-regular"><a class="share-digg share-icon" href="http://www.new-technology-news.net/kindle-fire-helps-amazon-top-q1-estimates/?share=digg&nb=1" rel="nofollow" target="_blank" title="Click to Digg this post">Digg</a></li><li class="share-facebook share-regular"><a class="share-facebook share-icon" href="http://www.new-technology-news.net/kindle-fire-helps-amazon-top-q1-estimates/?share=facebook&nb=1" rel="nofollow" target="_blank" title="Share on Facebook">Facebook</a></li><li class="share-reddit share-regular"><a class="share-reddit share-icon" href="http://www.new-technology-news.net/kindle-fire-helps-amazon-top-q1-estimates/?share=reddit&nb=1" rel="nofollow" target="_blank" title="Click to share on Reddit">Reddit</a></li><li class="share-stumbleupon share-regular"><a class="share-stumbleupon share-icon" href="http://www.new-technology-news.net/kindle-fire-helps-amazon-top-q1-estimates/?share=stumbleupon&nb=1" rel="nofollow" target="_blank" title="Click to share on StumbleUpon">StumbleUpon</a></li><li class="share-twitter share-regular"><div class="twitter_button"><iframe allowtransparency="true" src="http://platform.twitter.com/widgets/tweet_button.html?url=http%3A%2F%2Fwww.new-technology-news.net%2Fkindle-fire-helps-amazon-top-q1-estimates%2F&counturl=http%3A%2F%2Fwww.new-technology-news.net%2Fkindle-fire-helps-amazon-top-q1-estimates%2F&count=horizontal&text=Kindle%20Fire%20helps%20Amazon%20top%20Q1%20estimates:%20" style="width: 97px; height: 20px;" frameborder="0" scrolling="no"></iframe></div></li><li class="share-end"></li></ul><div class="sharing-clear"></div></div></div>

Kindle Fire helps Amazon top Q1 estimates

Amazon announced its first quarter earnings, which beat profit estimates thanks to strong Kindle Fire sales. First the bad news: Amazon’s pr...

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