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

|By:, SA News Editor

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.