Following the guidance of its CEO Jeff Bezos, Amazon (AMZN) has successfully transformed from the an online retailer to a high-end technology company. Amazon has been on a roll lately and as a result has seen its revenue jump 31% over the past year. With a slew of affordable eReaders and tablets, the retail giant is slowly changing the industry, a move that has not gone unnoticed. Bezos on Friday was named Fortune’s 2012 Businessperson of the Year, edging out the likes of Apple’s (AAPL) Tim Cook and Google’s (GOOG) Larry Page. More →
Amazon (AMZN) CEO Jeff Bezos, like a lot of people, is tired of the never-ending barrage of patent lawsuits being filed throughout the tech industry. And in an interview with the U.K.’s Metro, Bezos said that governments should consider stepping in by reforming their patent laws to lower the frequency of tech patent suits. Specifically, the Amazon chief said that he was worried about “a world where [patents] might start to stifle innovation” and called on governments to “look at the patent system and see if those laws need to be modified because I don’t think some of these battles are healthy for society.” More →
During a press event in New York City on Wednesday, Amazon took the wraps off of its $200 Kindle Fire tablet. The Kindle Fire is equipped with a 7-inch display and will have access to all of Amazon’s services including AmazonMP3, Amazon Prime, Amazon Kindle, Amazon Instant Video and the Amazon AppStore. The tablet is powered by a dual-core processor and weighs 14.6 ounces. Customers can pre-order the Kindle Fire today and it will ship in November. Amazon’s CEO Jeff Bezos also unveiled a brand new version of his company’s popular eReader, dubbed the Kindle touch. The $99 Kindle touch is equipped with an infrared layer on top of the E-Ink display to help avoid with any interference while reading. It also has Amazon’s EasyReach technology for turning pages by tapping the screen in specific areas. In addition, an X-Ray feature allows users to view where and when certain characters or places take place in a book. Amazon will also sell a separate Kindle touch 3G model for $149. Pre-orders for the Kindle touch eReader begin today and will ship by November 21st. Finally, Bezos announced a new standard Kindle for $79 that does not offer a touchscreen. It is available now and will also ship today. We are hoping to bring you hands-on photos with Amazon’s new devices shortly. In the meantime, be sure to keep your browsers pointed to our live coverage of the event. Read on for the full press release from Amazon. More →
Amazon announced on Thursday that Amazon.com customers are now purchasing more books for the Kindle than print books — including hardcover and paperback — combined. Since April 1st, for example, for every 100 print books that were sold on Amazon.com, the site sold 105 Kindle eBooks. “Customers are now choosing Kindle books more often than print books,” Amazon’s CEO and Founder Jeff Bezos said. “We had high hopes that this would happen eventually, but we never imagined it would happy this quickly — we’ve been selling print books for 15 years and Kindle books for less than four years.” Bezos also noted that Amazon has been pleased with the customer response to the $114 Kindle with Special Offers product, which is the most popular selling Kindle right now. Hit the jump for the full release. More →
Android is planning to release an “entire family” of Android-powered devices, not just one tablet as originally thought, according to Android and Me. The rumor hasn’t specified whether or not Amazon is planning multiple sized tablets, or a tablet and a new Android-powered eReader, although there’s some speculation that a smartphone could be in the works too. It’s no secret that the company is working on at least one tablet. Earlier this week Amazon’s CEO, Jeff Bezos, said “stay tuned” for more information on the product, which is rumored to have been manufactured by Samsung and could launch as early as this summer. However, Android and Me disputes those claims and believes the devices will land closer to the holiday season. Either way, it certainly makes sense for at least one Amazon tablet to exist: the firm has already launched its Unbox movie and TV streaming service, Amazon’s Cloud Player and Cloud Drive for music and data storage, and Kindle for books, all of which fit perfectly on a tablet. More →
What’s this, you say? News of a major retailer doing better than expected despite the tough economic times? We know, we know. It’s hard to believe, but some folks are weathering the economy’s downturn better than the media would have you believe. According to Amazon’s Q4 report from 2008, the company did pretty well during the oh-so-important holiday sales season. Amazon posted a net sales increase of 18% to $6.7 billion, with net income shooting up 9% to $225 million. Not so bad, especially given the dire state of just about every other ledger report we’ve seen over the past couple weeks. Amazon shares shot up 12% following the release of the report. Amazon CEO Jeff Bezos also gave a relatively positive estimate for Q1 2009, predicting between 9-19% increase in sales, though he does expect a significant decline in net operating income.All told, however, it’s nice to see some positive news coming out of the tech sector, and we can only hope that we’ll see some more similar progress to combat the prevailing fear and uncertainty.