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Amazon’s profits are down despite great fourth quarter earnings.

Amazon posted a 34% increase in quarterly sales (compare this to the decline in sales for both BGI and BN) but their profits were down 51%.

Increased sales of electronics, lower prices and discount shipping program Amazon Prime crimped profit margins, Szkutak said.

Via CNN.

Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty. You can reach Jane by email at jane @ dearauthor dot com

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