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Earlier quoted context omitted.
Given that no kindles fires have shipped, they haven't booked any revenue or costs for them yet, either.
I'm pretty sure their vendors would disagree.
Profit's are such a volatile metric. Amazon's been spending like crazy in the last few months on producing new Kindle products - most of which are being sold as a loss leader in an effort to push book sales. Note that Amazon's overall Revenues are up 44% Less sensational, more nuts and bolts article http://www.marketwatch.com/story/amazoncom-announces-third-q...
That's not an article, that's a press release. Source is Business Wire https://en.wikipedia.org/wiki/Business_Wire "Business Wire is a company that disseminates full-text news releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases and other audiences" Does the press have an incentive to talk about the plunge in…
I wonder if analysts have learned yet not to dismiss apparently crazy moves by Jeff Bezos.
An online store buying stock and building infrastructure !!!!! Crazy , they should be borrowing money and paying themselves bonuses before going bust - that's what Wall St wants
I wonder if analysts have learned yet not to dismiss apparently crazy moves by Jeff Bezos.
They'll probably never learn, but Jeff doesn't care: http://www.geekwire.com/2011/amazons-bezos-innovation
"Very importantly, we are willing to be misunderstood for long periods of time.... I believe if you don’t have that set of things in your corporate culture, then you can’t do large-scale invention. You can do incremental invention, which is critically important for any company. But it is very difficult — if you are not willing to be misunderstood. People will misunderstand you."
Earlier quoted context omitted.
I'm pretty sure their vendors would disagree.
I'm pretty sure they wouldn't, since that's how GAAP accounting works. For revenues and costs directly related to a product, you don't book them until the product is shipped to a customer.
I wonder if analysts have learned yet not to dismiss apparently crazy moves by Jeff Bezos.
Earlier quoted context omitted.
I'm pretty sure their vendors would disagree.
I'm pretty sure they wouldn't, since that's how GAAP accounting works. For revenues and costs directly related to a product, you don't book them until the product is shipped to a customer.
The cost of constructing the new Kindles is still booked, just under a different part of the book. Once the devices are sold, the amount changes from an asset to a liability.
I wonder if analysts have learned yet not to dismiss apparently crazy moves by Jeff Bezos.
Crazy moves like "heavy spending on warehouses, data centers and digital-content offerings" An online store buying stock and building infrastructure !!!!! Crazy , they should be borrowing money and paying themselves bonuses before going bust - that's what Wall St wants