After passing on orders for the new Kindle Fire from Amazon, Foxconn Electronics is believed to have won the contract to produce the Internet retailer's rumored 10.1-inch tablet and could begin shipping the device from factories by the end of the year, according to a new report.
A note by Gene Munster of Piper Jaffray, says Amazon's Kindle Fire is "not a true competitor, but more competitive than expected," while noting the Internet retailer "is likely losing about $50" on each unit it sells.
Achieving an attractive sub-$100 price point, Amazon's new $79 Kindle and $99 Kindle Touch still sport e-ink displays for reading books and other content, while ditching the physical keyboard found on previous models.
Hearst Corp., a big-name magazine and newspaper publisher, has announced that paid digital downloads of its titles have topped 300,000 per month, while a new study shows that tablet users have a higher e-commerce conversion rate than shoppers using a PC.
Amazon has reached agreements with three large publishing houses to provide digital magazine content for the company's upcoming iPad competitor, according to a new report, while also adding Fox movies and TV shows to its Amazon Prime streaming video service.
Amazon is set to release two new Kindle black-and-white e-ink models in addition to an aggressively-priced 7-inch tablet with a color LCD screen on Wednesday, with the company considering expanding to larger 10.1-inch and 8.9-inch tablets next year to compete with Apple's iPad.
Amazon's new Android-based tablet, apparently named the Kindle Fire, is said to be based on the same basic design as RIM's PlayBook, built by the same maker, apart from having a slower processor intended to make it cheaper.
Amazon on Friday sent out invitations to members of the press for a media event scheduled for next Wednesday, Sept. 28, where the retailer is expected to debut a new touchscreen tablet that aims to compete with Apple's iPad.
The likelihood of success for both the impending Amazon tablet and Google's forthcoming Android update, dubbed "Ice Cream Sandwich," against the iPad has reportedly been called into question by industry insiders.
Amazon's next Kindle will abandon the efficient, easy to read eInk display of existing models and morph into a $250, 7 inch color touchscreen model based on Android, but incapable of accessing Google's app market or benefiting from future Android releases.
Apple's newly enforced policy banning links to out-of-app purchases has forced The Wall Street Journal, Amazon, Barnes & Noble, and Kobo to remove purchasing options from their iOS applications, while the Google Books application has been completely removed.