Cheshire Cat Photo Blog(...said the Cat: 'we're all mad here....')

In addition to the economic growth recently reported by Apple, Yahoo, AT&T and Microsoft, and the U.S economy in gneral, Amazon reported on Thursday that its fourth-quarter earnings jumped 71% to $384 million, or $0.85 per diluted share, compared with net income of $225 million, or $0.52 per diluted share, in fourth quarter 2008.

Amazon predicted that first-quarter reveue will grow between 32 and 43 percent, which exceeds analysts’ expectations.

Net sales increased 42% to $9.52 billion in the fourth quarter, compared with $6.70 billion in fourth quarter 2008.

According to the news release:

“Millions of people now own Kindles,” said Jeff Bezos, founder and CEO of Amazon.com. “And Kindle owners read, a lot. When we have both editions, we sell 6 Kindle books for every 10 physical books. This is year-to-date and includes only paid books — free Kindle books would make the number even higher. It’s been an exciting 27 months.”

-Bill at

Cheshire Cat Photo™ – “Your Guide to California’s Wonderland™”

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