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Home » Amazon’s CEO Jeff Bezos Introduces Fire Phone (Full Transcript)

Amazon’s CEO Jeff Bezos Introduces Fire Phone (Full Transcript)

 Amazon.com, the retail giant, unveiled its first smartphone, Fire Phone, at a launch event held on Wednesday, June 18, 2014 in Seattle. Its CEO Jeff Bezos hosted the special event. We produce here the full transcript of the launch event….

Jeff Bezos – Founder and CEO, Amazon.com

Thank you. Thank you for being here.

We had 60,000 people applied for an invitation to come visit to this event. We have 300 of you here. – Yes, thanks, we’ve got folks from the media, we have developers and especially exciting for me – we have Amazon customers. Give yourself a big round.

We have a lot of exciting news to share with you today. But let me set the stage a little bit. Let me give you a little context first. Let me show you a graph.

We started Amazon Prime in 2005. And very quickly, we knew we were onto something. The memberships were growing very rapidly, and we — quickly had millions of members.

But then something very extraordinary happened. This – in 2011, the slope of that graph changed a lot. You don’t see this very often in business. And when you do, you’re pretty excited. This is a good thing.

But what the heck happened? Why did that happen?

Well, we launched a few things at that time. One was Prime Instant Video and we launched it with 5000 videos, unlimited streaming. We launched the Kindle Owners’ Lending Library, thousands of titles that you could borrow for free, as frequently as once a month, no due dates. And we launched the Fire Tablet – great device to enjoy this content. And we very quickly had tens of millions of Prime members.

So what’s the real story underneath Prime?

Well, it’s patience, persistence, and attention to the smallest of details. We launched Prime Instant Video with 5000 titles; today it’s more than 40,000, including some of the most sought-after exclusives.