Online Stock Trading - Is Amazon Kindle Ebook Reader the new iPod?
It would seem that the success of Oprah's 'favorite gadget' the Amazon Kindle Ebook Reader is not going unnoticed. I have mentioned it here previously - see Amazon Kindle Mania but it appears that the Kindle is starting to take on the aura of the iPod
. There is already a thriving market in 'second-hand' Kindles, due to new ones being so scarce. If you've got a new or refurbished Kindle you can sell it for more than you paid for it on Craig's List and other famous auction sites .
(The Kindle also has a Qwerty keyboard).
The Amazon will apparently be redesigning the Kindle and bringing out a student version, which will give it access to the $5.5 billion a year college textbook market in the US.
Sales of the IPod increased fourfold in 2004 after the introduction of the second-generation device. If Amazon were to achieve something similar then it would be selling 2.2 million Kindles this year, and that is just in the USA.
Plus there are the ongoing sales of Ebooks which people download to their Kindle. If you have just paid $350 dollars for the thing you are likely to want to use it.
This could according to estimates bring in over $330 million in earnings.
It is worth mentioning also that if you have blog you can sign a contract with Amazon to get your blog delivered to subscribers via the Kindle, a potential big money-earner for enterprising bloggers.
You can of course already get newspapers on the Kindle. The latest US newspaper to sign up to the Kindle service. Kindle owners can now access USA Today for $11.99 a month.
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