Investments
Amazon’s first quarter of 2015 resulted in a 22.72 billion dollar (21 billion euro) turnover, up 15 % compared to last year. Less good news from the profit front however, as back then it managed a 108 million dollar (100 million euro) profit, which has now turned into a 57 million dollar (52 million euro) loss.
The American eCommerce giant launched a shop on the Chinese Tmall.com site, which belongs to Alibaba, and it also launched a DIY platform, called Amazon Home Services. That used up any profit this quarter, but should also help generate additional turnover in the next quarter, with a predicted 7 – 18 % turnover increase. It remains to be seen whether that quarter will yield any profit though.
