Amazon sales storm ahead

$20 billion of sales in 2008 for the online bookshop
$20 billion of sales in 2008 for the online bookshop

Online retailer Amazon backed up its claims for having its 'best ever' Christmas with sales and profit figures that surpassed expectations, selling $6.7 billion (£4.7 billion) worth of stuff in the last three months.

That's an 18 per cent increase on the same Q4 period in 2007 - and would have been as high as 24 per cent if the strengthening dollar hadn't hurt its overseas figures.

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Mark Harris is Senior Research Director at Gartner.