New York: Amazon Chief Executive Jeff Bezos confirmed on Thursday that the online retailer sells its Kindle e-reader "at cost", with profit coming instead from sales of online content.
Bezos' remarks, in an interview with the BBC, marked the first time the company had confirmed long-held Wall Street assumptions that it did not make a profit on sales of the popular tablet.
The aggressive pricing furthers Bezos' goal of getting Kindle tablets into the hands of as many buyers of Amazon's online content - from games and books to video - as possible.
Apple, by contrast, makes much of its profit from hardware sales. It sells a single-sized iPad at costs ranging from $399 to $829, depending on storage capacity, screen resolution and wireless connectivity....more
12:50 PM, Oct 12, 2012
Cape Canaveral: Space enthusiast and entrepreneur Jeff Bezos has found the rocket motors used to send the Apollo 11 astronauts to the moon and plans to mount a recovery expedition soon, the Amazon.com CEO and founder reported on a blog post. The five F-1 engines were fired up on July 16, 1969, sending the massive Saturn 5 rocket on its way to the moon. The motors burned out a few...
09:50 AM, Mar 30, 2012