The Boom Is Back In Dot-Com
By George Anderson
Internet giants Amazon and eBay have posted impressive sales results demonstrating there is still plenty of boom left in those old dot-coms.
Amazon reported its biggest sales jump in more than three years with first quarter revenue up 41 percent to $1.53 billion. The added sales and internal cost controls were enough
to raise Amazon’s net income to 26 cents a share compared to a loss of three cents in 2003. Jeff Bezos and company have now posted three straight profitable quarters.
The Internet auction site, eBay, said sales were up 59 percent and profits 92 percent during its first quarter.
Meg Whitman, chief executive officer of eBay was quoted on the netimperative Web site, “Our continuing momentum demonstrates yet again the power of eBay’s community and
reinforces our confidence in the long term potential of our business.”
According to eBay it now has 104.8 million registered users across the globe. The number of users on the auction site increased 52 percent from the same period a year earlier.
Moderator’s Comment: What are your thoughts on the current state of Amazon, eBay and e-tailing?
The numbers from eBay were staggering. We’re long past the days when percentage increases made huge jumps because of the low base from the year before.
We could very well see 150 million users on the site this time next year. – George
Anderson – Moderator