quarterly loss: However, Amazons shares plunged more than 10 per cent in after-hours trading on Thursday when it reported a $126m quarterly loss despite a 23 per cent jump in revenue to $19.3bn, according to The Independent. The reason? The company continues to invest heavily in its new businesses, funding all sorts of new ventures and enterprises to compete with the likes of Google, Apple and Netflix. It insists it is investing in new ventures instead of focusing on short-term profits and Online retail, online video, TV streaming, hardware, cloud computing and bookselling would appear to be just a few of Amazons services and products. The company is pinning much of its hope on its Amazon Prime service, which includes fast shipping, streaming of movies and TV shows, and music. Whats more, Amazon said it expects an even bigger quarterly loss next time around.
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