Amazon.com Inc. (Nasdaq: AMZN)'s e-books aren't just for Kindles anymore. The company
has introduced a free software application that allows its e-books to be read also on Apple Inc. (Nasdaq: AAPL) devices like the iPhone and the
iPod Touch.
Amazon VP Ian Freed isn't worried that this will
negatively affect Kindle sales, telling The Wall Street Journal that users can read on Apple devices
for about 30 minutes tops before they begin to drain batteries and strain the eyes (unlike the Kindle, iPhone screens are back-lit). So
you should save it for those moments when you're -- gasp! -- caught
without your Kindle.
"There are times when you're going to be in a place where you happen to
have your iPhone but not your Kindle," said Freed. "If I get stuck in line at the grocery store, I can pick up
where I was reading with my iPhone."
Of course, all this means users can finally take advantage of
the Kindle 2's previously useless "whispersync" function, which saves a
user's place in a book on multiple devices.
In other news:
Walt Disney Co. (NYSE: DIS) may develop a subscription-based online video service, similar to Netflix Inc. , to reclaim revenues lost to piracy and attract online audiences, CEO Bob Iger said yesterday at a Deutsche Bank-sponsored conference in Florida. Disney currently sells content through iTunes and was one of the first
to offer full-length episodes of its TV shows online for free.
"We've... seen a pretty dramatic shift in how people
consume entertainment," said Iger. A month ago, Disney reported first-quarter results down 32 percent from the year before, attributing the drop in part to consumers' shift away from physical media goods like DVDs.
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