Amazon Reports Second-Quarter Profit

Amazon Reports Second-Quarter Profit

Amazon Reports Second-Quarter Profit
Amazon.com has posted second-quarter earnings of $207 million, a 45 percent increase from the same quarter last year, and a 41 percent gain in revenue to $6.6 billion, slightly above analysts' predictions of $6.5 billion, though profit was lower than analysts' projections due to a 40 percent rise in operating expenses. Revenue from books, CDs, DVDs, and other media grew 18 percent to $2.9 billion compared to the same period last year. (7/23)

YouTube Adds Music Landing Page
YouTube has added a new music landing page that will allow users to browse music videos by genre, recent hits and featured videos, while offering radio-like listening with autoplay and shuffle features. (7/23)

 

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