May 28, 2008 / 4:58 PM / 11 years ago

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

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/

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.

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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