Online Stock Trading - Amazon To Team Up With Stephen King?
Should I buy stocks in Amazon ?
I have already mentioned in - Investing in Amazon - that Amazon may be worth a look for those looking for a long-term investment as their Kindle Ebook Reader has been selling out as fast as they can make them.
Now, according to the WSJ Amazon are to announce the launch of the Kindle 2 and also that they have signed a deal with best-selling horror writer Stephen King for an exclusive book written solely for the Kindle.
This should bring in a lot of Stephen King fans in addition to Oprah fans and just plain old Kinlde fans.
Kindle Ebook Reader sales for last year were estimated at between 400K and 500K units.
"iPod of the book world?!" wrote Mark Mahaney of Citigroup in a note to clients. "Yep. 500,000 would be 32% more than the number of iPods sold in its first year."
Citigroup forecast revenue of $1.2 billion. Now with Stephen King on board it is quite possible sales will be higher
Amazon would also have sold more if they hadn't been caught on the hop by Oprah Winfrey declaring the Kindle to be her favorite gadget.
The Kindle Ebook Reader could be a big money earner for Amazon as students start using it to avoid the need to carry a pile of heavy books around with them, soon boys will be asking girls if they can carry their Kindlle for them !
The press conference is today at 10 a.m. EST i.e. in 30 minutes time.
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