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Does Kindle make Amazon a good investment idea?

Posted Jun 12th 2009 3:40PM by Steven Mallas (RSS feed)
Filed under: Google (GOOG), Amazon.com (AMZN), Sony Corp ADR (SNE), Technology

There's been some news on the Amazon (NASDAQ: AMZN) Kindle, the company's electronic substitute for real paper books. According to this source, everything is coming along fine for the product from a statistical point of view. An estimate of Kindle sales from Citigroup Global Markets puts the number of units sold last year at 500,000. By 2010, it's said that the Kindle may lead to $1.2 billion of derivative sales. I was surprised to learn that this sales number would possibly represent 4% of Amazon's top line.

Continue reading Does Kindle make Amazon a good investment idea?

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