Rochester, NY 7/24/2009 11:11:58 PM
Amazon.com Inc. AMZN, Reduced media sales caused Amazon shares to go down recently
Amazon.com Inc.
Amazon reported that some of their sales revenue goes slightly below targets because of the company’s limited updates in their core media business.
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One thing that also triggers is that the company is suffering from low video games sales because of the weakened demand in the economy and lack of hit games tittles. While at the same time the company also has to face the settlement charge from a dispute with ToysRUs.com.
Recent trading shows that Amazon shares were down nearly 8%. Where it reached 84% high this year and even topped out at $94.40 prior to the report.
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