The new service offers Amazon users access to more than 600,000 Kindle ebook and audiobooks for $9.99 a month. Kindle Unlimited is available on all Kindle devices or through Kindle reading apps on smartphones and tablets. The service includes access to best-sellers such as the Harry Potter series by J.K. Rowling and The Lord of The Rings by J.R.R. Tolkien as well as more recent titles including Flash Boys by Michael Lewis and The Fracking King by James Browning.
Kindle competes with other ebook subscription services such as Oyster and Scribd which offer ebook subscriptions through iOS and Android and Android apps.
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TheStreet Ratings team rates AMAZON.COM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMAZON.COM INC (AMZN) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."