Home
Become an editor or a contributor! Here’s how..
Amazon points towards slow videogame sales for decline in profit
BY Vidal Stewart Aug. 1st, 2009 More on:

Amazon is usually where I buy my hard copy of games. It’s got the added convenience and established name behind it, so when I bought less games than usual through the online retailer in the previous, I didn’t know it would reflect on their financial reports.

Amazon, although reporting a 14% increase in revenue for the second quarter, profits fell by 10% or $142 million in comparison to last year’s $158 million due to a legal settlement and videogame sales, reports the Wall Street Journal. “You’re seeing an industry slowdown in videogames and consoles,” said Chief Financial Officer Tom Szkutak. Regardless, the online retailer forecasts $120 million to $210 million of profit for the next quarter. The start of the summer wasn’t the best period for videogames and Amazon is the proof.

Sign up for our daily updates! Enter your e-mail and get fresh gaming news delivered straight to your mailbox once a day.
RELATED STORIES
 
POST AUTHOR
Vidal Stewart
More from this author
Vidal Stewart.


  • While we hate limiting conversations in any way, please note that insulting/abusive comments will be removed without hesitation.

    What shall we call you around these parts?

    Remains hidden from others at all times.