Amazon pins slack results on games “slowdown”

By Patrick Garratt, Monday, 27 July 2009 08:59 GMT


Amazon’s blamed a “slowdown” in games sales as a primary factor in a Q2 profit drop.

“You’re seeing an industry slowdown in videogames and consoles,” said CFO Tom Szkutak.

The retailer’s upside dropped 14 percent in the three months running to June 30, down 10 percent to $142 million, or 32 cents per share.

Sales were up 14 percent in the period, rising to $4.65 billion from $4.06 billion a year ago.

Costs resulted from a legal dispute also impacted profits in the quarter.

More on the WSJ. Thanks, Joystiq.

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