Jeff Bezos revealed to the BBC that Amazon makes no profit off the Kindle Paperwhite and Kindle Fire HD. Both devices are sold at cost, which means, both devices' price is how much it costs Amazon to make them.
Nokia has just released its financial report for the second quarter of 2012, and it's bitter-sweet. While Lumia sales are really taking off, the company continues to operate at significant loss.
This is Michael Mann. Last week, in a binge lasting less than 24 hours, he registered 14,962 domains. He plans to sell them on to the likes of you and me, at an inflated price, to make a bucket load of cash—which is how his company manages to pull in over $400,000 every month.
Well, not quite. The Wall Street Journal reports that in order to understand how the financial market is faring, analysts are cutting Apple out of the picture because their dominance skews things too much. In fact, discounting Apple shows that the market isn't as strong as thought. Still: iPad 3, yeah! [WSJ]
Google CEO Eric Schmidt let slip that YouTube has yet to achieve profitability, after over five years of sharing videos of awesome explosions and unlikely animal friendships with the world. Schmidt did say that it's "nearing profitability," which means nothing.
Apple brought Steve Jobs back to the company in December 1996. Since then, he's been building a massive pile of cash, rolling out new product after new product.
Fancy a BlackBerry Curve that earns you $50? At the moment, Wal-Mart is running an online deal that means the normally $149.99 phone will cost you just $49.99, and after rebates you'll actually be $50 in profit. The T-Mobile Wing and BlackBerry Pearl (normally $299.99 and $99) are also going for free, and will get you…
Step 2: YouTube rolls out profit sharing plan where they reward uploaders with shares of ad sales based on number of views. The ads will come in the shape of short clips in place of the actual YouTube video, which you presumably have to watch before getting to the meat. The videos…