Colin Gillis

Amazon, the world's largest internet retailer, got less revenue from digital media than anticipated, especially in the video game market. The company also is relying more on third-party sellers, which can bolster profit but generate less revenue than direct sales.

Apple fans queued overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market. It sold a record 600,000 in pre-orders in a single day last week, and BGC analyst Colin Gillis expects Apple to set a record for being the first company to sell a million smartphones in a single day.

More Blogs