The United States Postal Service has posted multi-billion dollar losses since 2007. Snail mail is becoming technologically irrelevant just as the telegraph surpassed The Pony Express. Mail has decreased 47% since 2001 and with serious budget shortfalls the USPS could be nearing extinction. In other news, Kodak is also close to facing bankruptcy problems and has brought in outside help to restructure the company. The 131-year old staple in consumer electronics saw its shares drop 54% on Friday. With point-and-shoot cameras being replaced by mobile phones, Kodak will have to reinvent its product lines. And finally, market research firm iSuppli found that Amazon’s Kindle Fire costs the company about $210 to manufacture. While this loses Amazon $10 per device, the lose money to make money model is definitely going to net them future profit in content sales.
Shelly Palmer Radio Report – October 3, 2011
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).