Jeff Bezos' Original Book Business At Amazon Garnered $16.9B In 10 Months, With More Than Half Of It From US Alone: Report
Portfolio Pulse from Benzinga Neuro
Amazon's original book business has generated $16.9 billion in sales in the first 10 months of 2022, with $9.5 billion from the U.S. alone. Despite the rise of e-books, print books continue to outperform on the platform. Amazon's stock has seen a 24.12% increase year-to-date.
June 21, 2024 | 8:39 am
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Amazon's book business has generated $16.9 billion in sales in the first 10 months of 2022, with $9.5 billion from the U.S. alone. Despite the rise of e-books, print books continue to outperform on the platform. Amazon's stock has seen a 24.12% increase year-to-date.
The resurgence in Amazon's original book business, with significant sales figures, indicates strong performance in a core segment. This, combined with the overall positive stock performance, suggests a likely positive short-term impact on Amazon's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100