Amazon's success

Filed in archive on July 3, 2003

amazon has made some announcements in a conference in Tokyo, that made me look closer at their financials. Impressingly they still hold to the promise made in 2000 for sales targets. This means reaching 30 billion in sales until 2005.
The 'gross margin' has reached 27% in US (22% overseas). But don't let yourself confuse - this is before Amazon's own cost of sales. The company is still producing negative income on a quarterly basis.

Amazon will start an Itunes clone in near future and seems confident with the new approach. However the chart shows a good growth :-)