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Posts Tagged ‘Cinthia Portugal’

Cyber Monday Drives Amazon Stock to Record Heights

a.com_logo_RGB1.jpgAs Internet users flocked to Amazon.com (AMZN) on Cyber Monday (the web-based alternative to Black Friday shopping), the stock price at the online bookseller has jumped dramatically.

UPDATE: As of 4 p.m., the stock price sat at $135.91. According to CNN Money, the stock hit a record high today: “One of the most-notable gainers was Amazon.com Inc. (AMZN), which climbed as much as $3.51 a share to an all-time high of $135.25 on belief that the online retailer will benefit from strong weekend holiday-shopping sales.”

In addition, an Amazon spokesperson Cinthia Portugal told the Pittsburgh Post-Gazette: “For every 100 books we sell in physical, we sell 48 Kindle books”–one of the first concrete figures that Amazon has revealed about the sales of the device. (Via Sarah Weinman)

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Amazon Coy about Stanza Plans

stanzaamazon.jpgGalleyCat followed-up on the surprise news that Amazon.com, Inc. has acquired Lexcycle, the company that created the iPhone reader, Stanza.

The online bookseller now owns the two top Book related applications in the Apple App Store, prompting endless speculation about the future of the e-book. And that speculation will continue, as Amazon has only issued guarded statements.

In an email interview with GalleyCat, spokesperson Cinthia Portugal responded to five questions about format, pricing, and e-book monopoly with this statement: “It’s very early days for ebooks and we believe there is a lot of innovation ahead of us. Lexcycle is a smart, innovative company and we look forward to working with them to innovate on behalf of readers … As a standalone business unit within Amazon, Lexcycle will maintain its business model while continuing to innovate as new opportunities arise. The goal is for the combination of the two company’s strengths to offer great experiences for ebook readers.”