Thursday, October 22, 2009
Amazon’s Blowout Q3
According to comScore, Web traffic to Amazon in the U.S. rose 14.8 percent, far outstripping that of overall U.S. Internet traffic, which grew just 3.5 percent. “It appears that Amazon is gaining share the old-fashioned way,” ThinkEquity analyst Ed Weller noted last week, “by acquiring more and more customers…and selling more to each of them.” Judging from the nice gain in third-quarter earnings the company posted after Thursday’s closing bell, that would seem to be the case.
Question for you: What was the best-selling consumer smartphone in the U.S. in the first quarter of 2009? What’s that? Apple’s iPhone? Wrong. According to market researcher NPD, it was Research in Motion’s BlackBerry Curve, which slipped past the iconic device in market share bolstered by Verizon’s Buy One, Get One promotion.
