Amazon is about to… wait scratch that, has already launched college textbook rentals via the Kindle.
I remember, back in the day, when I got the class syllabus and in it was the name, title, ISBN, and other pertinent information about what text book I needed for my college class. The funnest part was when I had to dish out a couple hundred bucks for the textbook, only to not turn around and sell it just a few months later.
Well those days are over my friends, thanks to the folks over at Amazon.com. Amazon announced on Monday the Kindle Text Book Rental program where you can rent any available textbook directly from your Kindle, and Kindle enabled devices (PC, Mac, iPad, iPhone, Android device, Windows Phone 7, Blackberry, or Kindle).
Here’s what the Kindle College Textbook Rentals have to offer:
- Great savings: Save up to 80% off the list price of the print textbook
- Pay only for the time you need:Choose a rental length between 30 and 360 days and pay only for the exact time you need a book. Extend your rental for as little as one day or convert to purchase
- Rent once, read everywhere: Rent and read tens of thousands of textbooks on PC, Mac, Kindle, or your mobile device
- Keep your annotations: Access your notes and highlights anytime, even after the rental expires, at kindle.amazon.com
This is sure to put a huge dent in the current monopoly, and near criminal market that is the current college textbook marketplace. With a Kindle, of Kindle app, students are going to be able to get their college text book, rent it for a fraction of the price they’d spend purchasing it, and then when they no longer need it, that’s it – the subscription period for ends for that particular college textbook.
Here’s the news release from Amazon on Monday in all it’s glory:
Students Can Now Save Up To 80% with Kindle Textbook Rental
Low rental prices and flexible rental periods of any length between 30 and 360 days
Margin notes and highlighted passages are stored in the Amazon Cloud for viewing anytime, anywhere – even after a rental expires.
SEATTLE, Jul 18, 2011 (BUSINESS WIRE) — (NASDAQ: AMZN)–Today, Amazon.com announced the launch of Kindle Textbook Rental–now students can save up to 80% off textbook list prices by renting from the Kindle Store. Tens of thousands of textbooks are available for the 2011 school year from leading textbook publishers such as John Wiley & Sons, Elsevier and Taylor & Francis. Students can find details about the program at http://www.amazon.com/kindletextbooks.”Students tell us that they enjoy the low prices we offer on new and used print textbooks. Now we’re excited to offer students an option to rent Kindle textbooks and only pay for the time they need–with savings up to 80% off the print list price on a 30-day rental,” said Dave Limp, vice president, Amazon Kindle.
Kindle Textbook Rental offers the ability to customize rental periods to any length between 30 and 360 days, so students only pay for the specific amount of time they need a book. Students can also easily extend any rental period in increments as small as one day or choose to purchase the book they are renting at any time.
“We’ve done a little something extra we think students will enjoy,” continued Limp. “Normally, when you sell your print textbook at the end of the semester you lose all the margin notes and highlights you made as you were studying. We’re extending our Whispersync technology so that you get to keep and access all of your notes and highlighted content in the Amazon Cloud, available anytime, anywhere – even after a rental expires. If you choose to rent again or buy at a later time, your notes will be there just as you left them, perfectly Whispersynced.”
Kindle Textbooks are “Rent Once, Read Everywhere” as they can be read across the most popular devices with free Kindle Reading Apps for PC, Mac, iPad, iPod touch, iPhone, BlackBerry, Windows Phone and Android-based devices.
For more information about Kindle Textbook Rental, visit http://www.amazon.com/kindletextbooks.
Amazon.com, Inc. (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth’s Biggest Selection. Amazon.com, Inc. seeks to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as Books; Movies, Music & Games; Digital Downloads; Electronics & Computers; Home & Garden; Toys, Kids & Baby; Grocery; Apparel, Shoes & Jewelry; Health & Beauty; Sports & Outdoors; and Tools, Auto & Industrial. Amazon Web Services provides Amazon’s developer customers with access to in-the-cloud infrastructure services based on Amazon’s own back-end technology platform, which developers can use to enable virtually any type of business. Kindle, Kindle 3G, Kindle with Special Offers, Kindle 3G with Special Offers and Kindle DX are the revolutionary portable readers that wirelessly download books, magazines, newspapers, blogs and personal documents to a crisp, high-resolution electronic ink display that looks and reads like real paper. Kindle 3G, Kindle 3G with Special Offers and Kindle DX utilize the same 3G wireless technology as advanced cell phones, so users never need to hunt for a Wi-Fi hotspot. Kindle is the #1 bestselling product across the millions of items sold on Amazon.
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As used herein, “Amazon.com,” “we,” “our” and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management’s expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com‘s financial results is included in Amazon.com‘s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.
SOURCE: Amazon.com, Inc.
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