Amazon's $189 Kindle Sells Out
Amazon dropped the price of its basic Kindle e-reader last month -- and sales quickly reached what CEO Jeff Bezos calls a "tipping point." But the lack of inventory could hurt as Amazon fights to build market share.
Amazon dropped the price of its basic Kindle e-reader last month -- and sales quickly reached what CEO Jeff Bezos calls a "tipping point." But the lack of inventory could hurt as Amazon fights to build market share.
Random House is throwing down the gauntlet with an announcement that it will stop doing English-language business with a top literary agency, Wylie Agency, because the agency signed an exclusive deal to sell e-books to Amazon.
Sharp is stepping into the e-book market, gearing up to offer e-reader devices and enhancing its XMDF technology platform to allow audio and video to also be seen on the devices, the electronics giant announced Tuesday.
Borders launched an electronic bookstore Wednesday, entering a market dominated by Amazon, Apple and Barnes & Noble. Despite the heavy competition, the company is optimistic.
Sony has slashed the price of its Daily Edition e-reader to $299.99 from $349.99, following similar price cuts to Amazon's Kindle and Barnes & Noble's Nook. Can any of these companies really make money at the reduced price levels?
For years, Amazon's Kindle best-seller list has been dominated by e-books priced at $0, but soon, there will be two lists: one for books with a price tag, and one for those without one.
Alberto Vitale, former CEO of Random House, believes the prices of hardcover books could climb by a third in the next five years, even as prices for e-books decline. Not surprisingly, other industry experts disagree.
Book publisher Penguin has many reasons to feel good right now: Its preliminary earnings report for 2010 is positive, and its book deals with Apple and others are working well. But Penguin still hasn't sorted out its issues with Amazon, and the online retail giant is making it pay.
Amazon has long dominated the e-reader market by selling its Kindle strictly online. But with growing competition from Barnes & Noble's nook and Apple's iPad, both of which are available in real-world outlets, Amazon may be ready to put the Kindle on shelves in a Target store near you.
The iPad release is less than 24 hours away, the reviews are largely good, and presales are in the hundreds of thousands. But for publishers and other e-book sellers, the iPad is a game-changer in a way they aren't quite ready for: It's totally altering the way they'll do digital business.
CEO Steve Riggio is stepping down, though he'll remain vice chairman and stay "actively involved." Taking over as CEO is William Lynch, who has been leading B&N's e-commerce efforts. And Mitchell Kipper will become CEO of B&N's retail group.
Why buy an expensive e-reader or iPad if all you're going to read on it is the same text you'd get in a paperback? Companies hoping to preempt that question have an answer or two: multimedia-enhanced books, and textbooks that professors can add to and edit a la Wikipedia.
Amazon's current 90% share of the e-book market will plummet to 35% over the next five years, according to predictions from Credit Suisse analysts. That sounds alarming, but on closer inspection, the prognosis should have Amazon uncorking the champagne. Here's why.











