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October 26, 2011 by

Amazon profits hit by investment in Kindle

The online retail giant has disappointed the market with a 73-percent drop in profits, although it says the investment in Kindle and distribution that weighed on its results will pay off in the long term

January 18, 2011 by

Apple earnings: 7.3 million iPads, 16.2 million iPhones sold during holiday quarter

Apple, which has dominated headlines over news that CEO Steve Jobs would be taking another medical leave of absence, today released first quarter earnings that far exceeded expectations, driven in part by better-than-expected sales of the iPad during the holiday season.For the quarter ending December 25, 2010, the company reported a profit of $6 billion, or $6.


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