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Amazon Christmas Revenues Surge

  • Amazon revealed that Christmas sales in 2012 had increased by 22% compared with that of 2011. Fourth quarter revenue of the online retailer reached $21.27 billion. This news, however, was accompanied with tidings that the online retail giant’s profits for the last three months also declined 45% to about $97 million. Amazon's shares rose in the after-trading hours following the announcement. The last trading hours closed with the Amazon share at $15.69

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