By John Glenday

Online retailer Amazon has posted a healthy $513m profit for the first quarter on the back of a 28 per cent jump in sales which hit $29.1bn for the three months to March.

Bumper sales of both Kindle e-readers and Fire tablets, as well as strong subscriber numbers for its Prime service, helped Amazon on its way for the period as sales of both exceeded the expectations of cautious analysts.

Chief executive Jeff Bezos said: “Amazon devices are the top selling products on Amazon, and customers purchased more than twice as many Fire tablets than first quarter last year.”

The tech firm was Read full story ›

Source: The Drum