Amazon Profits Increase 4x Thanks to Harry Potter

25 Oct

Amazon.com reported that quarterly profit quadrupled as customers bought the final Harry Potter novel and purchased more electronics and jewelry. Sales of electronics and general merchandise increased 54 percent as Amazon.com enticed buyers of the Harry Potter book to also spend money on watches and video games. Amazon’s Q3  net income rose to $80 million, or 19 cents a share, from $19 million, or 5 cents, year over year. Revenue increased 41 percent to $3.26 billion.

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