Amazon.com Pulled In Around $9 Billion During The Holiday Season
According to The Guardian, Amazon.com pulled in around $9 billion in cash and investment holdings during the 2012 holiday shopping season. This is believed to be Amazon.com’s best December yet. Wall Street estimates placed that Amazon’s revenues for the past quarter was $22 billion, which is a 59.3% jump from the $13.81 billion that the company earned in Q3 2012.
This is around a 26% jump from Amazon.com’s Q4 2011. Analysts believe that Amazon.com’s cash reserves and savings are now sitting at $9 billion in savings and $6.8 billion in cash. Morningstar brokers are placing Amazon.com’s reserves at between $7 and $8 billion.
Amazon.com brought in around 50,000 season workers, which is an increase from their 2011 hiring. Amazon shipped over 15.6 million products across all store categories.