Jeff Bezos Reveals Amazon Makes No Dough On Its Hardware

Jeff Bezos, in the U.K. to launch the Kindle Paperwhite and Amazon's Lending Library service, has told the BBC that his firm makes no money on its Kindles. "We make money from when people use our devices, not when people buy our devices," he told technology correspondent Rory Cellan-Jones. "That continuing relationship with the customer is where we hope to make money over time." The CEO also talked about the effect of the Kindle on bookselling, claiming that people read about four times as much once they've bought an eReader, but continue buying traditional books as well as digital books. Continue reading at 'Fast Company'

[ Fast Company | 2012-10-12 00:00:00 UTC ]
News tagged with: #kindle paperwhite #make money #people read #jeff bezos #ve bought #digital books

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Tough Week for Amazon

Despite posting a 35% sales increase for the fourth quarter and earnings that were better than expected (if still down compared to a year ago), last week was a tough one for Amazon. Analysts and investors were disappointed in the quarterly report, and the stock price for the nation’s largest... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-02-03 00:00:00 UTC ]
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Amazon launches India e-commerce site

Amazon has this morning launched an e-commerce site in India called Junglee.com. The platform... Continue reading at The Bookseller

[ The Bookseller | 2012-02-02 00:00:00 UTC ]
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Amazon ups UK ebook sales five-fold

Amazon.co.uk increased Kindle ebook sales by five times in its fourth quarter but its parent... Continue reading at The Bookseller

[ The Bookseller | 2012-02-01 00:00:00 UTC ]
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VIDEO: Amazon expects low growth for late 2011

Amazon has been pushing into new markets with products like the Kindle ebook, but investors are worried that the expansion is coming at the expense of profits. Continue reading at BBC News

[ BBC News | 2012-01-31 00:00:00 UTC ]
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Irish arm of Waterstones reveals pre-takeover losses

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[ The Bookseller | 2012-01-31 00:00:00 UTC ]
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Barnes & Noble, Taking On Amazon in the Fight of Its Life

As Barnes & Noble fights for its future, the publishing industry is holding its breath. Continue reading at The New York Times

[ The New York Times | 2012-01-29 00:00:00 UTC ]
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Anobii chief says drop DRM to fight Amazon

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[ The Bookseller | 2012-01-26 00:00:00 UTC ]
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Amazon strikes print deal with HMH

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[ The Bookseller | 2012-01-25 00:00:00 UTC ]
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Amazon Expected to Cut Kindle Fire Orders in Half as New iPad Looms

Sources from Amazon's supply chain in the Far East indicated to DigiTimes that Kindle Fire orders with original device manufacturers are expected to be just 3 million units this quarter. That's half the 6 million units Amazon reportedly shipp ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-01-20 00:00:00 UTC ]
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Sykes makes history donation to London schools

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[ The Bookseller | 2012-01-20 00:00:00 UTC ]
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Apple reveals education trifecta: iBooks 2, iBooks Author, and iTunes U

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[ Betanews | 2012-01-19 00:00:00 UTC ]
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Fnac making 510 redundant to cut costs

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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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Amazon moves closer to Brazil ebook launch

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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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"Unprecedented" seven make Man Asian shortlist

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[ The Bookseller | 2012-01-11 00:00:00 UTC ]
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Police make arrest over Bertrams fraud

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[ The Bookseller | 2012-01-03 00:00:00 UTC ]
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HMV makes a profit from Waterstone's, as losses deepen

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[ The Bookseller | 2011-12-19 00:00:00 UTC ]
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Rodale Makes Digital Hire

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[ AdWeek | 2011-12-19 00:00:00 UTC ]
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The Amazon Workaround

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[ Publishers Weekly | 2011-12-16 00:00:00 UTC ]
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