Retailers, consumers and prices
Reuters and others are reporting that Amazon.com is expected to unveil a new version of the Kindle electronic reader on Monday.
While the Kindle is a tiny part of Amazon's web retail business, it gets a ton of buzz, and a new version has been much speculated about on the web. The question is whether mainstream consumers are really ready to buy it, particularly in the current economic environment.
"We think Kindle will be an interesting product which the high-end consumers love, particularly investment bankers traveling in from Connecticut," Bernstein Research's Jeffrey Lindsay says in the Reuters story. "We don't think it will be a large penetration object any time soon."
To help with mainstreamers, the Wall Street Journal writes, Amazon is also expected to say it has acquired a new work by best-selling novelist Stephen King that will be available exclusively, at least for a time, on Kindle.
We won't be tempted by puns. Or any sort of lame wordplay. We'll play this straight. Seriously. Here goes: After all the bad publicity caused by a photo of Michael Phelps apparently taking a bong hit, Kellogg has decided to dump the superswimmer.
Okay, now that's out of the way. Here's the basics from Reuters:
The world's largest cereal maker said on Thursday it would not extend a contract with Phelps, who charmed audiences in Beijing last year with a record-breaking, eight-gold medal haul, saying the photo of the swimmer was inconsistent with its public image.