SEATTLE: Web retail giant Amazon's booming second quarter profits suggest the company has found a silver lining to the global economic clouds, with net income up to $158 million (€100m; £79m), double that of the year-ago period, while sales climbed 41% to $4.06 billion.
Consumers, it seems, are turning to online shopping and home entertainment rather than spending their hard-earned cash on gasoline or going out.
Amazon says sales of books, CDs and DVDs were up 31% to $2.41bn during Q2, while electronics and other general merchandise sales soared 58% to $1.53bn.
Comments ceo Jeff Bezos: "Even just driving 10 miles these days is a few dollars worth of gasoline.
"And consumers, we suspect, are beginning to take that into account and try to do trip consolidation."
Data sourced from BBC Online; additional content by WARC staff