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Tuesday, Aug 05
Source: 240K Amazon Kindles Sold
The report said that Scott Devitt, an analyst at Stifel, Nicolaus & Co., predicts that Amazon is on track to sell 500,000 to 750,000 more Kindles over the next four quarters. "He estimates that Kindle owners will buy an additional $120 to $150 worth of books and other content for each device, bringing the total revenues over that time period to somewhere between $225 million and $355 million," the report said. "Based on that, he values the Kindle as a $1 billion business for Amazon." Email This Post |
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