Amazon Q4 sales beat expectations
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Jan 30, 2009

For the fourth quarter of 2008, Amazon.com increased sales by 18% to $6.70 billion, compared with $5.67 billion in the fourth quarter of 2007.

Operating cash flow was $1.70 billion in 2008, compared with $1.41 billion in 2007.

"We remain relentlessly focused on serving customers with low prices, great selection and free shipping offers, including Amazon Prime," said Jeff Bezos, founder and CEO of Amazon.com.

"We're particularly grateful for the unusually strong demand for Kindle in the fourth quarter."

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