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.
Citigroup Global Markets posts
FeedDoes Kindle make Amazon a good investment idea?
Continue reading Does Kindle make Amazon a good investment idea?
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
