Amazon says price cuts bolstering Kindle eBook sales
Tuesday 20 July 2010
Online retailer Amazon.com Inc has said that the recent price cut to its Kindle electronic reader has spurred sales of both the device and e-books.
Amazon last month cut the price of the Kindle to ward off competition from Apple's iPad tablet and from Barnes & Noble's Nook device.
In a statement, Amazon Chief Executive Jeff Bezos called the lower price "a tipping point," and the company said it sold three times as many Kindle books in the first half of 2010 as in the first half of 2009.
While Amazon regularly touts the success of the Kindle, it has declined in the past to provide sales figures for the device or e-books, citing company policy. The company did not immediately return a request for details on sales figures.
Amazon said in a statement that in the past three months, it has sold 143 e-books on its Kindle for every 100 hardcover books sold on its website.
Earlier this month, Amazon also cut the price on its most expensive version of the Kindle electronic reader.
Amazon shares were up $1.06 in after hours trading from a closing price on Monday on the Nasdaq Stock Market of $119.94.
Life & Style blogs
Penis size study: what's 'normal' anyway?
Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
What happens to your body when you give up sugar?
Penis size: is there a correlation with sexual satisfaction? A scientific look
Apple and Google users being spied on for a decade because of 'Freak' security flaw
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
iJobs Gadgets & Tech
£20000 - £25000 per annum: Recruitment Genius: A Junior IT Support Technician ...
£35000 - £45000 per annum: Recruitment Genius: This distributor and wholesaler...
£28000 - £30000 per annum + Bonus, Pension, 25days hol, PHC +: Ashdown Group: ...
£20000 - £24000 per annum: Recruitment Genius: The successful candidate will h...