Online retailer Amazon.com posted a fall in second quarter profits on the back of a legal settlement and weakness in the videogames market.
While sales were up 14 per cent on the second quarter of 2008, profit fell ten per cent, according to the Wall Street Journal.
"You're seeing an industry slowdown in videogames and consoles," said the company’s chief financial officer, Tom Szkutak.
Amazon chief executive Jeffrey Bezos suggested that the company’s rising sales showed that its expansion strategy is paying dividends.
"We're staying heads down focused on providing customers low prices, vast selection, and fast delivery," he noted.