May 28, 2008 / 4:58 PM / 10 years ago

Amazon's Kindle still in "investment phase": CEO

LOS ANGELES (Reuters) - Inc’s electronic book reader, the Kindle, is still in its investment phase, the Internet retailer’s chief executive told CNBC on Wednesday.

The battery-operated Amazon Kindle, shown here in this image released to Reuters on November 19, 2007, let users download books, newspapers and blogs over a wireless connection. REUTERS/

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

Reporting by Alexandria Sage; editing by Jeffrey Benkoe

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