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Amazon CEO Says Kindle Still in 'Investment Phase'

Reuters
Wednesday, 28 May 2008 | 1:27 PM ET
Jeff Bezos at the D Conference
Amazon CEO Jeff Bezos discusses his company's outlook with CNBC's Melissa Francis.

Amazon.com'selectronic book reader, the Kindle, is still in its investment phase, the Internet retailer's chief executive told CNBC on Wednesday.

CEO Jeff Bezos would not reveal how many Kindles the Seattle-based company had sold since its launch in November, but said the price had recently been lowered to $359 from $399.

Amazon shares were recently trading lower.

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