Around the Net
Amazon's On A Roll
- Business Insider, Wednesday, October 12, 2011 12 AM
For anyone who’s keeping score, Amazon put up some stellar numbers September. The company’s domestic pageviews were up 26% in September -- and 19% in the third quarter -- versus a year ago, reports Business Insider, citing new data from comScore. Unique visitors in the United States also grew 25% year-over-year to 79 million. “That's a big improvement in all three categories compared with the first two quarters of 2011,” BI remarks.
In a significant research note, Citi analyst Mark Maheny points out that Amazon's pageviews and uniques have a strong historical correlation with revenue growth in North America. Amazon is scheduled to report third-quarter earnings on October 25. Looking out further, “The fourth quarter should be even better,” according to BI.
“The Kindle Fire launched on September 28, so probably didn't play much of a part in the September or Q3 growth statistics. At one point, screenshots of Amazon's internal inventory system suggested that it was taking 50,000 Kindle Fire orders per day.”
