Net sales increased 35 percent to $17.43 billion, up from $12.95 billion in Q4 2010. However, net income decreased 58 percent to $177 million or $0.38 per diluted share for the quarter, compared to net income of $416 million, or $0.91 per diluted share, in Q4 2010. That is a drop of 57.5 percent from the year-ago quarter.
However, analysts polled by Thomson Reuters had expected the company to report earnings of $0.19 per share for the quarter, so Amazon.com doubled that estimate.
That said, Amazon.com has now seen its net income drop in each of the last four quarters. Income fell 32.8 percent in Q4 2011, 7.7 percent in the second quarter and 72.7 percent in Q3 2011.
- The number of Amazon Appstore customers nearly tripled from Q3 2011 quarter
- App downloads were more for the single quarter, Q4 2011, than all of the previous quarters combined
- Those wondering if Amazon.com can pull off a Netflix rival should note: the number of videos purchased or rented from Amazon Instant Video and the number of Amazon Instant Video customers both more than doubled year-over-year in Q4 2011, with the number of Prime Instant Video streams increased nearly 300 percent from quarter to quarter.
- Kindle Fire is the No. 1 bestselling, most gifted, and most wished for product across Amazon.com since its introduction 17 weeks ago.