5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

Amazon Shares Fall 10 Percent on Poor Q4

By Andrew Berg | February 1, 2012

Amazon.com yesterday reported a 58 percent drop in revenue during the fourth quarter, sending shares of the company into a free fall. As of this morning, the company was trading at 174.76, down 10.12 percent since yesterday’s earnings call.

Net income decreased to $177 million in the fourth quarter, or $0.38 per diluted share, compared with net income of $416 million, or $0.91 per diluted share, in the fourth quarter of 2010.

In a call with press and analysts, Tom Szkutak, the company’s CFO, noted that sales of the company’s Kindle eReaders and Kindle Fire tablet had increased 177 percent during the holiday season. Szkutak declined to be more specific in breaking down those sales by device.

While the Kindle’s $200 price tag struck a chord with consumers, IHS iSuppli reports that Amazon is selling the slates at a loss as part of a strategy to promote the sale of physical and digital goods.

Initial reviews of the Fire were tepid. On Amazon’s own site, over 27 percent of the posted 13,123 reviews were below 3 stars, and over 10 percent of those who rated the Fire gave it only one star.

Perhaps the most troubling part of yesterday’s results is the company doesn’t foresee an improvement in the coming quarter. For the first quarter of 2012, Amazon expects net sales between $12 billion and $13.4 billion, a growth of between 22 percent and 36 percent. Analysts were expecting the higher end of that range. The company expects operating income to fall somewhere between a $200 million loss and $100 million profit.


Filed Under: Devices

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

High-directivity couplers optimized for 225 – 750 MHz applications
Integrated into IoT devices, iSIM poised to make inroads
Triple-radio and multiprotocol MCUs add application processors
5G vectors
How RedCap fits into 5G and IoT

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World