Retail and digital content giant Amazon has just posted its Q1 2014 earnings, showing strong growth in sales, a sizable dip in operating income but a rise in net income year-over-year. Sales rose 23 percent from last year to $19.74 billion in the quarter, leading to operating cash flow increases of 26 percent to $5.35 billion. In the end that led to a drop in operating income for the quarter by 19 percent to just $146 million. Net income was just $108 million, but that's an increase over $82 million in Q1 2013.
Aside from trumpeting the recent launch of the Fire TV and new content deals for Amazon Prime, Amazon didn't have anything to say about specific sales figures of any of its hardware endeavors. The best we could get from CEO Jeff Bezos was that that Amazon "... is working hard to keep Fire TV in stock." Par for the course on these quarterly earnings reports.