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Thursday, Jun 27
"We believe deceleration in Amazon’s North America Media revenue segment is increasingly...
"We believe deceleration in Amazon’s North America Media revenue segment is increasingly likely for 2Q13," says Barclays in a note helping Amazon (AMZN -0.8%) shares fall on an up day. The firm's remarks come a couple days after Barnes & Noble delivered ugly April quarter numbers and FY14 guidance (though share losses to Amazon were almost certainly a culprit). Lifted by e-book sales, Amazon's North American Media sales rose 14% Y/Y in Q1 to $2.5B, and made up 16% of revenue. International media sales rose only 1%.