Profits at online retailer Amazon jumped in the three months to September, the company has announced today.
Amazon posted net income of $79m (£51m), or $0.17 per share in the three months September, compared to a net loss of $437m, or 0.95 cents a share, in the same period last year.
Net sales were reported to be $25.4bn, up 23 per cent from revenues of $20.6bn in 2014.
Sales for Amazon Web Services, its cloud-hosting business, were up 70 per cent from the same time last year to $5,474bn while its operating income more than doubled to $1,177m.
“For the first time, we’re recommending you bring home a six-pack for the whole family,” said Jeff Bezos, founder and chief executive of Amazon.com.
“At a price of $50 for one or $250 for a six-pack, Fire sets a new bar for what customers should expect from a low-cost tablet."