News for Amazon
Feb 18 · 12:18:00 PM · Source: Company Press Release
Amazon.com today introduced "Kindle for BlackBerry," a new application available as a free download from Amazon.com that lets customers enjoy over 420,000 books, including 102 of 112 New York Times Bestsellers, on a range of BlackBerry devices.
"Since the launch of our popular Kindle for iPhone app last year, customers have been asking us to bring a similar experience to the BlackBerry, and we are thrilled to make it available today," said Ian Freed, Vice President, Amazon Kindle. "Kindle for BlackBerry is a great way for customers to continue reading their current book wherever they are - in between meetings, at the grocery store or waiting in the doctor's office. We think customers are going to love how easy and fun it is to read their Kindle books on their BlackBerry."
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by Rich Pike
Feb 10 · 1:08:00 PM · Source: Company Press Release
Amazon.com recently announced financial results for its fourth quarter ended December 31, 2009. Operating cash flow was $3.29 billion in 2009, compared with $1.70 billion in 2008. Free cash flow increased 114% to $2.92 billion in 2009, compared with $1.36 billion in 2008.
This is a startling quote: "Millions of people now own Kindles," said Jeff Bezos, founder and CEO of Amazon.com. "And Kindle owners read, a lot. When we have both editions, we sell 6 Kindle books for every 10 physical books. This is year-to-date and includes only paid books -- free Kindle books would make the number even higher. It's been an exciting 27 months."
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by Rich Pike
Dec 31 · 2:58:00 PM · Source: CNN Money
Amazon.com had the happiest customers this holiday season, according to a survey from ForeSee Results released Wednesday.
The Seattle-based e-commerce giant scored the highest in a customer satisfaction report from online retail consulting firm ForeSee, followed by Netflix and QVC. Apple and outdoor-gear retailer Cabela's rounded out the top 5 in the survey, which polls 10,000 visitors to the top 40 US retail sites by revenue each November and December.
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by Michael Oliveto
Dec 29 · 4:52:00 PM · Source: Duniyalive
Amazon has said in a release that Kindle is the highest sold device from its website on this shopping season.
The data was not made available by the company but it was being said that on the peak order day of December 14, customers ordered 9.5 million items worldwide.
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by Michael Oliveto
Dec 18 · 1:53:00 PM · Source: Benzinga
UBS raised their price target for Amazon.com from $140 to $160.
UBS maintains its Buy rating for Amazon. UBS has raised its EPS estimates for 2009 and 2010 from $1.91 to $1.92 and from $2.82 to $2.93, respectively.
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by Rich Pike
Dec 7 · 4:10:00 PM · Source: Investors.com
Amazon has officially denied reports that it has plans to open "physical" stores anywhere in the world.
The response comes after rumors that the company was planning on opening high street shops in Britain.
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by Michael Oliveto
Nov 14 · 3:42:00 PM · Source: Forbes
Amazon said that it's going to offer Web-based services to businesses in Asia starting next year.
Amazon Web Services LLC provides cloud computing, storage, database and other services to businesses. The company will open locations in Singapore in the first half of 2010, with other "availability zones" opening in the latter half of next year in the same region.
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by Michael Oliveto
Nov 3 · 1:36:00 PM · Source: Mercury News
Amazon.com, in an escalation of its price war with Wallmart, began offering hardcovers of John Grisham's "Ford County" and Barbara Kingsolver's "The Lacuna" for just $9 on Tuesday, the official release date for both books. Hardcovers generally have a list price of $24 or higher.
In mid-October, Walmart.com announced dramatic discounts for pre-orders of "Ford County," Sarah Palin's "Going Rogue" and other popular November publications. Wal-Mart.com initially charged $9 for the books, a price quickly matched by Amazon.com, then dropped to $8.98 by Wal-Mart.com.
· Related: Walmart
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by Michael Oliveto
Oct 27 · 11:23:00 AM · Source: Business Wire
Amazon.com today revealed the Holiday Toy List which features innovative search tools that allow customers to quickly narrow and expand search results simultaneously by “bestselling” or “average customer review,” then filter by age, gender, category, price and discount.
“The Holiday Toy List is a helpful tool for parents, friends and family members who are searching for the perfect toys for the kids on their list,” says Sarah Wood, director of the Toy Store for Amazon.com.
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by Michael Oliveto
Oct 23 · 12:02:00 PM · Source: Press Release
Amazon reported Q3 earnings of $0.46 per share on net income of $199 million versus $0.27 per share on net income of $118 million. Sales where up 28% to $5.45 billion.
“Kindle has become the #1 bestselling item by both unit sales and dollars – not just in our electronics store but across all product categories on Amazon.com. It’s also the most wished for and the most gifted. We are grateful for and energized by this customer response,” said Jeff Bezos, founder and CEO of Amazon.com. “Earlier this week we began shipping the latest generation Kindle. Its 3G wireless works in the U.S. and 100 countries, and we’ve just lowered its price to $259.”
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by Michael Oliveto
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