Jeff Bezos: Amazon Makes No Money On Sales Of Kindle Ereaders Or Tablets

Jeff Bezos, CEO of Amazon, recently confirmed what I'd always assumed, that Amazon doesn't make any money on its ereaders or tablets. Bezos said:

"We want to make money when people use our devices, not when people buy our devices."

This differs markedly from Apple's strategy. My question: Can it work? I've always wondered how much more, on average, a consumer buys through Amazon after purchasing an ereader or tablet.

Well, now I know! Bezos remarked that "users' appetite for media appeared to grow once they owned one of his devices." (Is it just me, or does that sound ominous? Makes me think of alien mind-altering technology. You will buy more. No? Just me? Okay ...)

"What we find is that when people buy a Kindle they read four times as much as they did before they bought the Kindle.

"But they don't stop buying paper books. Kindle owners read four times as much, but they continue to buy both types of books."

People read four times as much! Wow.

Read the entire BBC article here: Kindle Fire HD and Paperwhite sales make Amazon no profit.

Thanks to PG for mentioning it.

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Photo credit: James Duncan Davidson from Portland, USA

Nook Readers And Tablets: Barnes & Noble Lowers Prices

Barnes & Noble has lowered the price of their eReaders and tablets.

7-inch Nook Color: $150 -- 20 dollars lower
7-inch Nook Tablet: (8gb) $180 -- 20 dollars lower
7-inch Nook Tablet: (16gb) $200 -- 50 dollars lower

To see Barnes & Noble's selection of eReaders and tablets, click here: Nook

To read more about the price cuts and what they might mean, click here: (PCWorld) Barnes & Noble Cuts Nook Prices.

Before jumping at the chance to buy an eReader it's worth looking at the new tablets that are out, and are soon to come out.

Google’s new tablet is in the same class as Barnes & Noble’s Nook Tablet and the Kindle Fire. The difference for the Nexus 7 is that it’s a full-featured tablet and not just a low-priced reader designed primarily for content consumption. The Fire and Nook, on the other hand, are all about consuming content since they come up short on standard tablet specs such as cameras, Bluetooth, and GPS. The Nexus 7 is also missing a few features such as a rear-facing camera and a wireless broadband option. Nevertheless, spec-for-spec Google’s 7-inch tablet blows away the Fire and Nook Tablet.

Not only does the Nexus 7 offer better specs, but at launch Google’s tablet was priced the same as the Nook Tablet: $199 for the 8GB version and $259 for the 16GB model. Also, around the time of the Nexus 7 release, debut of a Kindle Fire 2 is expected -- so it’s no surprise that Barnes & Noble decided to cut its tablet prices.

Good reading!

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Photo credit: Unknown

12 Million Kindles, 38 Million iPads and 80 million iPhones: That's a lot of ereaders!

According to Digitimes,

Foxconn currently is also likely to produce 12 million units of Kindles for Amazon, and 38-40 million units of iPads as well as 80-85 million iPhones for Apple a year ...

That's a lot of ereaders! If this is any indication, the trend toward ebooks is going to continue.

Link:
Foxconn reportedly lands 10.1-inch tablet PC orders from Amazon