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More on Amazon's (AMZN) big day: 1) Jeff Bezos says more Kindle devices are on the way, but...

More on Amazon's (AMZN) big day: 1) Jeff Bezos says more Kindle devices are on the way, but won't confirm one is a smartphone. 2) Amazon's latest tablets will be available in the UK and France (its first international markets), albeit at elevated prices. 3) Amazon says it's "pretty much done" with its oversized Kindle DX e-reader. 4) All of the new Kindle Fires will show lock screen ads. 5) Amazon is launching Kindle Serials, which allows readers to subscriber to serial novels. (earlier)
Comments (3)
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    why was this a "big day" ??
    6 Sep 2012, 06:48 PM Reply Like
  • brigantine partners
    , contributor
    Comments (159) | Send Message
     
    I truly believe we are now living in a world where the emperor has no clothes. Central Banks can print infinite money for awhile, as if that is the true solution to a debt crisis. More debt. But what else can they do?

     

    In the meantime, as this asset bubble lifts paper assets and real yield disappears, it is easy to pump a favorite bubble stock with borrowed money. Since AMZN carries no valuation metrics, there is no ceiling in the short term for a company that earns little to no money. As long as AMZN isn't losing money.

     

    But wait, that is about to happen sooner rather than later. Sales taxes in California are very real, and very relevant. Witness the pre-buying going on now in California as buyers race to beat the deadline. If taxes have such little effect, why pay attention to the deadline? Because taxes do matter to consumers. They matter a lot.

     

    Meanwhile, AMZN's press conference was a total joke. Not one distinguishing feature on their lineup of new devices, save for a better backlight on their Kindle readers. I would hope so. Who is going to buy an e-reader if they can't read the books?

     

    Meanwhile, their tablet competitors were a joke vs the new lineup of Google NEXUS and Apple IPAD devices. No distinguishing features at all to draw in new customers. And the same crappy TI processor as before.

     

    And if AMZN truly is giving the devices away to get the content business, which has yet to be profitable for distributors (even the mighty AAPL), why not backwards integrate the software upgrade for existing device users? After all, AMZN is the master of the cloud, and flashing a few million devices with a software upgrade through the cloud should be easy, right?

     

    AMZN is a joke of a company. Bezos is the best con man in the world. At least PT Barnum had to pretend to do something magical. Bezos just stands up there in a blazer and a bald head, shows some mediocre wannabe devices, and watches as the central banks buy up his stock through the Fidelity-Goldman cartel. What a joke our government has become.

     

    The Emperor truly has no clothes.
    6 Sep 2012, 10:27 PM Reply Like
  • HarryWanger
    , contributor
    Comments (183) | Send Message
     
    I have to agree with your assessment of AMZN. These tablets are nothing special - just ad-supported shopping carts. Anybody comparing this to an iPad is flat out ignorant.

     

    I guess people don't get it when the CEO himself says he doesn't want to sell you a gadget. He pretty much said, we don't care about giving you an actual tablet but care that you use the POS to buy stuff from us.
    7 Sep 2012, 01:13 AM Reply Like
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