Latest Jeff Bezos Stories

2011-05-13 13:55:00

Chief executive Jeff Bezos told Conumers Reports on Friday that people should "stay tuned" for news about a possible Amazon tablet. There have been rumors in recent weeks that Amazon is about to launch a tablet computer to rival Apple's iPad, but the comments made by Bezos are the closest the company has come to giving the reports justice. Bezos stressed to Consumer Reports that the tablet would not be a replacement for the company's Kindle ebook reader. "We will always be very mindful...

2011-05-12 13:28:40

Amazon Chief Executive Jeff Bezos said on Wednesday that the company could cut its partnership with affiliates in more U.S. states that require the online retailer to collect sales tax. The comments from the world's largest online retailer, published by Reuters, come less than a month after Best Buy expressed optimism about potential online taxation reforms that would expand the collection of sales taxes on items bought over the Internet. Chains like Best Buy and Sears have openly voiced...

2011-04-27 11:15:00

The Internet retail giant Amazon.com reported a slip in its quarterly profits, even though revenue continues to climb to $9.86 billion. Net income for the company in the first quarter, ending on March 31, was $201 million, or 44 cents a share, a decline from its income the same time last quarter at $229 million, or 66 cents a share, reports AFP. The company's stock shares were down 1.2 percent after the report showed a 32.8 percent decline in first-quarter profits, trading at a slight...

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...

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...

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...

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...

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...

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...

Word of the Day
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.