Word: sells
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Amazon's foray into the digital-book business with its groundbreaking Kindle reader that's been making the biggest headlines lately, as sales far exceeded analysts' expectations. Its decision to allow customers to download best-selling books from its e-bookstore to the Kindle for only $9.99 a pop played a big role in stimulating demand. "When we have both [hardcover and e-book] editions, we sell six Kindle books for every 10 physical books," said Jeff Bezos, founder and chief executive of Amazon, in a statement...
...Noble. But industry experts believe the recent launch of Apple's highly anticipated iPad tablet, a device that offers Web-browsing, e-mail and other laptop functions in addition to an e-reader, could be the Kindle's biggest threat yet. Apple has already signed up five publishers to sell e-books for its iPad. "There's clearly competitive risk," says Mark Mahaney, a managing director at Citigroup. (See the best travel gadgets...
...That said, the higher e-book price could actually benefit Amazon's bottom line. "At $9.99, Amazon wasn't making any money," says Hamed Khorsand, an analyst at BWS Financial. "So for Amazon to be forced to sell a product at $12.99, they're basically being allowed to make a profit." If prices continue to escalate higher though, it could be a problem, analysts...
...Amazon's stock took a hit in the wake of the iPad launch and book-pricing dispute, falling 9%, although it has since partially recovered. Some analysts believe the sell-off was overblown. "I think the Street is making a bigger noise out of it than it really is," says Khorsand...
...Some see Amazon's biggest growth coming from further expansion into electronics, apparel and consumer products, ranging from shampoo to groceries. Amazon's ability to cross-sell products to existing customers is powerful. "When you've got an account opened at Amazon and they have your credit-card information and they also happen to have some of the lowest prices, it's very easy to start buying on Amazon items that may be outside people's traditional products that they buy online," says Sebastian. "I've been buying diapers from Amazon - not just the books that I would have bought...