Amazon Won't Profit From 'Harry Potter'
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By JESSICA MINTZ  SEATTLE - Amazon.com Inc. has taken more than a million pre-orders for the final "Harry Potter" book due out in July, but the world's largest Web retailer won't make a profit, Chief Executive Jeff Bezos told shareholders at the company's annual meeting Thursday.
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Amazon.com Inc. officials reported a quarterly profit that just missed analysts' estimates, but the company said it expects a record holiday season and outlined a heady expansion plan.
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(InfoWorld) - Google and Amazon.com are planning moves in the electronic-book market which, despite much promise over the years, hasn't met the expectations of book lovers, The New York Times reported Thursday. Amazon plans to launch an e-book reading device called the Kindle in October that will tap into an Amazon e-book store and cost between $400 and $500, the Times reported. Meanwhile, Google, which has a book search engine, will give people the option of paying to obtain the full text of copyright books as part of a service due before the end of the year, according to the newspaper. Google would split the revenue from the service with book publishers. Although e-book technology has been around for years, the concept hasn't caught on as initially expected, as people continue to prefer reading books on paper, rather than on an electronic display. Common complaints about e-books over the years have included discomfort from eye fatigue, inconvenient size, short battery life, and a limited selection of titles. The Times based its report on anonymous sources. Google didn't immediately reply to a request for comment. An Amazon spokesman declined to comment. The Kindle's wireless capabilities will allow it to not only download books and periodicals from Amazon's store but also browse the Web. It has a keyboard and a scroll wheel, according to the Times. Amazon already sells e-books from its main online store as well as from its Mobipocket subsidiary. Google's book search engine displays the full text of books in the public domain, and excerpts of copyright books. For people interested in purchasing books they find, Google provides links to third-party booksellers that carry the titles, such as Amazon and Barnes & Noble.
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Shares of Amazon.com  fell more than 16 percent on Thursday after the online retailer reported earnings that fell short of analysts estimates and raised concerns the company was focusing more on sales than profits.
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Money man spreads wild rumor Yes, Amazon already has an online on-demand movie service, but that wonât stop the worldâs most famous web retailer from buying NetFlix, the movies-through-the-mail company that recently built an on-demand service of its own. At least, thatâs what the Associated Press is reporting.â¦
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Revenues at online retailer Amazon.com get a boost from sales of the latest Harry Potter book.
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The US publisher of Harry Potter sues a distributor and online retailer for shipping copies of the final book too early.
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The latest installment in the Harry Potter series won't hit stores for more than six months but it has already topped at least one bookseller's most wanted list and is racking up thousands of advance orders, retailers said Wednesday.
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Amazon.com Inc.  said on Thursday quarterly net profit fell sharply due to higher taxes and increased investment spending during the crucial holiday shopping period.
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Revenues at online retailer Amazon get a boost from sales of the latest Harry Potter book.
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Amazon.com Inc posted a decline in  profit margins on Wednesday as the impact of its discounting  overshadowed quarterly earnings and a sales forecast that  topped Wall Street targets.
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Stocks to watch on Thursday: AMAZON.COM INC. :
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By JESSICA MINTZ SEATTLE - Amazon.com Inc. has taken more than a million pre-orders for the final &quot;Harry Potter&quot; book due out in July, but the world's largest Web retailer won't make a profit, Chief Executive Jeff Bezos told shareholders at the company's annual meeting Thursday.
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The publisher of the latest Harry Potter book cancels an order to supply 500,000 copies to a UK supermarket.
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A handwritten book by Harry Potter author JK Rowling that will never be published sells for almost Â£2m.
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Shares in Harry Potter publisher Bloomsbury plunge 30% after the firm issues a profit warning.
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Amazon.com Inc.  on Wednesday posted a quarterly profit that missed Wall Street estimates and it unveiled a costly new shipping program that heightened concern about falling margins, sending its shares tumbling 14 percent.