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Bezos Commits to Losing Money On Kindle Editions On Multiple Devices

June 16, 2009
By Michael Cader

The NYT reports more remarks from Jeff Bezos at the Wired conference: “The device team has the job of making the most remarkable purpose-built reading device in the world. We are going to give the device team competition. We will make Kindle books, at the same $9.99 price points, available on the iPhone, and other mobile devices and other computing devices.” In other words, he both perpetuates the $9.99 is our top price fallacy, and commits the company to losing money on Kindle files even when it isn’t making money on the device sales. As for why they don’t sell […]

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Filed Under: eNews

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