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Despite Earnings, Amazon’s Prospects Are Huge–ChangeWave

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By Douglas A. McIntyre Published
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New research from ChangeWave shows that Amazon.com (NASDAQ: AMZN) may have better prospect to gain market share and increase sales than at any other time in its history. Ignore earning ChangeWave says, and focus on the surge in sales of the Kindle and the portion of the e-commerce industry that Amazon continues to gain.

The research firm says

Despite investor disappointment at a surprising fourth quarter sales miss, a January consumer survey shows Amazon.com riding a wave of momentum in the new year, according to ChangeWave Research, a service of 451 Research.

The survey of 2,607 North American consumers shows Amazon continuing to grab share in the Home Entertainment market and in overall online sales.

Moreover, the new Kindle Fire tablet – which was on-sale for just six weeks during the 4th Quarter – shows tremendous potential to bring in additional revenue for Amazon, based on the survey results.

 

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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