November 26, 2011

International Business Times: Amazon Stock Struggles Despite Kindle Fire, Online Shopping

What is the deal with Amazon stock?

With all the online shopping talk this holiday season, it would seem like a ripe time for Amazon. People are expected to do holiday shopping online in record numbers. In fact, online shopping jumped 24.3 percent alone on Black Friday this year, according to IBM's research of 500 online retailers.

Furthermore, the Kindle Fire is expected to sell millions, and it could pose a significant challenge to Apple's iPad. Altogether, Wall Street is expecting sales in the fourth quarter to reach $18.2 billion, up 40 percent from a year ago. ...


http://www.ibtimes.com/articles/256481/20111126/amazon-kindle-online-shopping-stock-price.htm

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