Stocks and Shares - Amazon Kindle 2 Set For Launch Monday
Is Amazon a Good Investment ?
In a previous post - Investing in Amazon - I mentioned that Amazon could be a good investment as they had a winner on their hands with the Kindle Ebook Reader.
Two analysts reported on Monday that they estimate Kindle sales for last year were between 374K and 500K units.
Mark Mahaney of Citigroup says this is better than early sales of the iPod.
"iPod of the book world?!" wrote Mahaney in a note to clients late Monday. "Yep. 500,000 would be 32% more than the number of iPods sold in its first year."
Citigroup forecast revenue of $1.2 billion which would be an increase of 4% over Amazon's annual revenues.
Amazon would have sold even more if it wasn't for the fact that they underestimated sales and have been sold out for months.
Amazon is expected to launch the Amazon Kindle version 2 next Monday.
Leaked images have started appearing particularly at Boy Genius Report.
Many analysts believe sales of the Kindle could be key to Amazon's future, as demand for ebooks and ebook readers grows and also as students at schools and colleges start using them for their textbooks.
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