Amazon has been investing a lot on its tablets (including the Kindle Fire), and this shows on its quarterly earnings: the profits for the giant online retailer are down 73%, and the stock is taking a dive in after-hours and the losses stand at 14% for now. We'll see what it really looks like tomorrow. But even if the quarter's net income of $63M falls short of last year's $231M, Amazon is hardly in any danger, and the game here is to sell tablets at cost (or at a loss) in order to make profits from sales of digital goods in the future.
Ubergizmo, Amazon Profits Down 73%
