With the Black Friday shopping deals frenzy, and the Cyber Monday online shopping discounts still on the horizon, online retail giant Amazon is already showing big revenue numbers.
In the third quarter of 2013, Amazon reported a boost of 24% in revenue with a total of $17.1 billion. This is great news for the largest online retailer heading into the holiday shopping season which typically begins with Black Friday, and the online shopping deals and discounts offered on Cyber Monday.
The revenue growth for Amazon was more than 2% over what the analysts had expected from the company.
According to Amazon, the revenue numbers were up across the board on products including consumer electronics as well as various media, including books, music, video and ebooks.
The growing popularity of the Kindle Fire HD, especially going into the holiday gift buying season, will likely continue the revenue growth for Amazon. Shoppers using the holiday discounts for buying the Kindle Fire HD and other Kindle products, as well as all of the downloadable content, ebooks, etc. should keep Amazon well into the black.
The company expects to see earnings in the 4th quarter, driven by the holiday shopping season, to see another 10% to 25% of growth.
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