Whoa: Bezos Celebrates 51% Climb in Amazon Revenue
6:03 pm, July 26th | by Amy Tennery
It was just a week ago that Borders Group President Mike Edwards announced that the bookseller was calling it quits. It was sad. Edwards had fought valiantly to find a buyer — even for just the Borders’ name and intellectual property — but to no avail. But was it the latest death knell for the print business? Perhaps. But Borders’ failure might say more about the state of big-box retailers. Or, you know, big-box retailers that don’t sell the Kindle.
Today’s Amazon earnings numbers would suggest as much. And you better believe CEO Jeff Bezos is celebrating right now.
During second-quarter 2011, Amazon’s revenue climbed a jaw-dropping 51 percent (compared to the same time period a year earlier), according to Mashable. And, according to a statement from Bezos today, that’s the most rapid growth that Amazon has seen in 10 years.
Timing is everything, isn’t it?
So, what led to this wave of Amazon enthusiasm? Was it the Gaga Giveaway? The Borders demise? Or — as Bezos noted — the Kindle 3G with Special Offers? (Yea, it’s the third).
Still, the victory is a little bittersweet, no?