Amazon living high on the Hog with record 2nd Quarter Profits

[jw]

The economy may be slow, but Amazon.com is living high, posting second quarter profits of $158 million, up from just under $80 million during the same period last year.

So much for the theories that the free shipping was hurting them, If anything its driving sales!!

They denote an increased spending in DVD/blu-ray by 31% compared to the same period last year(Alot of that has to do with the increased title availability and titles that weren't around last year, Welcome Paramount and Universal)

The company’s revenue for the three-month period ending June 30 was $4.06 billion, with sales of DVD, Blu-ray Disc, CDs and other media increasing 31%, to $2.41 billion, compared to $1.83 billion during the same period in 2007.

Good News for us blu-ray fans as Amazon will see that as an expanded growth area and focus sales to further drive sales

Full story here