Amazon.com has announced the launch of a new product on Wednesday. The Wall Street Journalreports that Amazon's new gadget will be a Kindle for textbooks. The WSJ says several textbook publishers and universities have already partnered with Amazon for these larger-screen Kindles.
Amazon has worked out a deal with several textbook publishers to make their materials available for the device, Mr. Gonick said. The new device will also feature a more fully functional Web browser, he said. The current version of the Kindle, which debuted in February, contains a Web browser that is classified as "experimental."
In total, six universities are involved in the project, according to people briefed on the matter. They are Case Western, Pace University, Princeton University, Reed College, Darden School at the University of Virginia, and Arizona State University.
An Amazon spokesman declined comment. On Monday morning, the Seattle company sent out invitations to a press event to be held Wednesday at Pace University in New York City.
It sounds like a smart move on Amazon's part. Between the Lines explains where the profits are for Amazon in the textbook market.