Jeff Bezos confirms what Wall Street has long suspected - that Amazon (AMZN) makes no money from...


Jeff Bezos confirms what Wall Street has long suspected - that Amazon (AMZN) makes no money from the Kindle: "We sell the hardware at cost," Bezos tells the BBC. "We want to make money when people use our devices, not when they buy them." The idea is that Amazon earns its profits from the books, apps, films and other products that Kindle users buy.

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Comments (4)
  • Bret Kenwell
    , contributor
    Comments (952) | Send Message
     
    So why not own Apple if you're a shareholder. They make money on the hardware the sell AND the media they sell to it as well. Just sayin'
    12 Oct 2012, 06:15 AM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    to infinity P/E and beyond !!!!
    12 Oct 2012, 06:34 AM Reply Like
  • chopchop0
    , contributor
    Comments (5156) | Send Message
     
    Like we didn't already know this
    12 Oct 2012, 07:31 AM Reply Like
  • DanoX
    , contributor
    Comments (3469) | Send Message
     
    Bezo is just doing a preemptive strike for Amazon's third quarter, so that Wall Street stay's on board for the fourth quarter and the first quarter next year, a master salesman at work. Google did the same thing pre-warning everyone about Motorola's bad third quarter about to be announced. Motorola will lose over one billion for 2012, to go with losing hundreds of millions in 2011.
    14 Oct 2012, 02:51 PM Reply Like
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