financetom
Business
financetom
/
Business
/
Amazon reveals its first color Kindle e-reader after years of development
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon reveals its first color Kindle e-reader after years of development
Oct 17, 2024 1:32 PM

SAN FRANCISCO, Oct 16 (Reuters) - Amazon ( AMZN ) on

Wednesday announced its first color Kindle e-reader following

years of effort to bring the more immersive device to market.

The 'Kindle Colorsoft' carries a $280 price tag that

compares with similar devices from other manufacturers available

on Amazon ( AMZN ) in the range of $149 to $330. The Colorsoft relies on

LEDs and other technologies to achieve the color display,

according to a company statement.

Amazon ( AMZN ) had tried in prior years to develop color e-readers

using eInk -- the technology available in its standard Kindles

that requires minimal battery power. The Colorsoft will have a

roughly eight-week battery life, compared with up to three

months for its latest generation Paperwhite e-reader.

The Seattle retailer also unveiled a new Paperwhite with a

7-inch screen, measured diagonally, two-tenths of an inch larger

than the most recent generation's. It also revealed an updated

Kindle Scribe e-reader, which allows users to jot onto the

screen with a stylus and convert that into more legible text.

Users' in-book notations can be summarized by artificial

intelligence software that can convert pages of notes into

bullet points, the company said.

Amazon ( AMZN ) is still the market leader in e-readers, commanding

more than three quarters of the market, by some measures. The

devices are built to last for years and the company has said it

sells them for close to cost, making money when people purchase

books or other reading materials.

The COVID-19 pandemic fueled a surge in e-reader use, as

many libraries stayed closed to enforce shelter-in-place

policies but still offered wireless downloads of e-books.

Kindles are often put on sale during discount events, such

as Prime Day. The Colorsoft will ship to customers on Oct. 30

and the new Scribe will ship on Dec. 4.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Redfin to pay $9 million in real estate antitrust settlement
Redfin to pay $9 million in real estate antitrust settlement
May 7, 2024
May 7 (Reuters) - Technology-powered real estate brokerage Redfin has agreed to pay $9.2 million to resolve a pair of nationwide class-action lawsuits accusing it of conspiring to artificially inflate the commission paid by U.S. home sellers. Redfin disclosed the settlement on Monday in Missouri federal court, where a number of other major residential brokerages have faced related claims from...
US electric utility Sempra's profit falls 17% in first quarter
US electric utility Sempra's profit falls 17% in first quarter
May 7, 2024
May 7 (Reuters) - Sempra Energy posted a 17% drop in first-quarter profit on Tuesday as it logged sharply lower revenue from its natural gas operations, although increases in its Texas power business helped cushion the fall. Sempra ( SRE ), which supplies electricity and natural gas to nearly 40 million customers in parts of California, Texas and Mexico, said...
US DOJ Backs Colorado's Effort to Block Kroger-Albertsons Merger
US DOJ Backs Colorado's Effort to Block Kroger-Albertsons Merger
May 7, 2024
02:17 PM EDT, 05/07/2024 (MT Newswires) -- The US Department of Justice has thrown its support behind Colorado's bid to block the merger of Kroger ( KR ) and Albertsons ( ACI ) . The United States respectfully submits this brief ... to explain that [Kroger's ( KR ) and Albertsons' ( ACI )] motion to dismiss misunderstands the respective...
Alzamend Neuro Halts Equity Offering Program, Prioritizing Shareholder Value Amid Strategic Shift, Shares Slide
Alzamend Neuro Halts Equity Offering Program, Prioritizing Shareholder Value Amid Strategic Shift, Shares Slide
May 7, 2024
Alzamend Neuro, Inc. ( ALZN ) made waves Tuesday when the company announced its decision to terminate its “at-the-market” equity offering program. Shares were down nearly 12% at last check. What To Know: The move, aimed at minimizing uncertainty and preserving shareholder value, saw Alzamend cease further sales of common stock under its at-the-market equity offering, effectively concluding its obligations...
Copyright 2023-2026 - www.financetom.com All Rights Reserved