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Latest Jeff Bezos Stories

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2010-12-27 12:15:00

Amazon reports that Kindle e-reader sales were strong over the holiday season despite competition from other devices like Apple's iPad. Amazon said the most recent version of the Kindle was its best-selling product ever. "We're seeing that many of the people who are buying Kindles also own an LCD tablet," Chief Executive Jeff Bezos said in a statement. Analysts said e-readers like the Kindle and Barnes & Noble Inc's Nook can withstand competition from tablets among readers who prefer a...

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2010-07-20 09:35:00

The struggling printed book industry was dealt another blow on Monday when online retailer Amazon reported that sales of electronic books for their Kindle e-reader have now surpassed hardcover book sales. According to AFP reports, Amazon founder Jeff Bezos credited a recent price reduction for the Kindle's success. Bezos told the news agency that sales of the device have tripled since the company cut $70 from its price tag last month, reducing the cost from $259 to $189. "We've reached a...

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2010-05-26 05:45:00

Amazon's Kindle e-reader may come in a color version someday, but probably not too soon, the company's founder and chief executive officer said on Tuesday at a shareholder's meeting. Jeff Bezos said at the annual meeting in Seattle that adding color to the Kindle's "electronic ink" display is a difficult technical challenge. He said that he has seen things "in the laboratory" that are definitely not ready for production. A color Kindle is still a long way out, he said. Tablet computers such...

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2009-10-23 11:40:00

Amazon on Thursday announced its Kindle electronic reader as the company's best-selling product. "Kindle has become the number one bestselling item by both unit sales and dollars -- not just in our electronics store but across all product categories on Amazon.com," said Amazon chief executive Jeff Bezos. Bezos also said the price of a new international version of the Kindle would be cut from $279 to $259. The announcement coincided with Amazon's reported 68 percent net profit increase in the...

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2009-10-07 14:40:00

In an effort to stay ahead in the growing field of electronic-book readers, Amazon.com is lowering the price of its Kindle and launching an international version, The Associated Press reported. The Kindle now costs $259 after Wednesday's $40 reduction. In 2007, it debuted at $399 and started this year at $359, before another price cut in July. Amazon CEO Jeff Bezos said the company could now afford to reduce the price because of the increased number of Kindles the company is making - and...

2009-05-30 13:06:20

The Kindle electronic book reader should be considered an investment product by Amazon.com shareholders, the U.S. company's chief executive officer says. Amazon.com CEO Jeff Bezos told shareholders at a recent meeting the entire digital-books industry is still growing and therefore the Kindle reader should not be considered an income generator for the company, The Wall Street Journal reported Friday. There has been speculation in the publishing industry that Amazon.com will likely post losses...

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2009-05-29 07:45:00

Jeff Bezos, Chief Executive of Amazon, stated on Thursday that the company may not ever unveil its sales figures for the Kindle, according to an AFP report. "I beg your indulgence on the question of how many Kindles have been sold," Bezos answered when questioned at the company's annual shareholders meeting in Seattle, Washington.  "I'm not sure we ever will reveal all of the numbers," he said. "Our point of view on that is that there can often be a competitive advantage in...

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2009-05-06 14:14:06

U.S. Internet retailer Amazon Wednesday launched the latest Kindle electronic digital reader -- a device with a luxuriously sized display screen. Amazon's Web site says the device is one-third of an inch thick, has a 9.7 inch display screen measured on the diagonal and holds up to 3,500 books, periodicals and documents. Amazon Chief Executive Officer Jeffrey Bezos said the Kindle DX was the next step toward creating a paperless society, The New York Times reported. Three textbook publishers...

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2009-05-06 12:30:00

Amazon announced a new model of its Kindle e-book reading device on Wednesday, this time with a larger screen which is said to be designed for newspaper and magazine content. The new device was revealed at a press conference at Pace University in New York on Wednesday following reports on Monday from The New York Times. Prior to the unveiling, Amazon had been tightlipped about what it was planning to show off during Wednesday's press conference. The new e-book reader could be aimed at...

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2009-01-30 09:45:49

Amazon.com Inc. reported a 9 percent increase in profit during the fourth quarter, outperforming analysts' projections, showing that it is far less affected by the economic crunch than other retailers. Net profit for the last three months of the year totaled $225m, or 52 cents per share compared to $207m, or 48 cents per share, during the same period last year. Revenue also rose 18 percent to $6.7bn. "We remain relentlessly focused on serving customers with low prices, great selection and...