You’ve long known that Amazon is the go-to place to purchase books, music and movies. According to their first-quarter earnings report, the company is selling more non-media items. You can buy everything from electronics to strange dog accessories on Amazon these days.
In the report, the company a 46 percent increase in revenues over last year and a 68 percent increase in profit. Worldwide media sales grew 26 percent to $3.43 billion. For the first time, that total is less than its worldwide sales of electronics and other general merchandise, which grew 72 percent to $3.51 billion. This is welcome news for the “media selling” giant. Media consumption is moving more towards subscription-based services and online content delivery methods every day. The market is unstable at best, so the folks at Amazon are likely heaving a sigh of relief at those numbers.