"We believe deceleration in Amazon’s North America Media revenue segment is increasingly...
Jun 27 2013, 14:55 ET
"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%.