Amazon Kindle sales triple after price cut

Written by Andre Yoskowitz @ 20 Jul 2010 12:45 User comments (1)

Amazon has said today that Kindle e-reader sales have tripled since the e-tailer dropped the price of the device last month.

E-books sales now out pace that of physical books, as well, adds the giant e-tailer.

The Kindle dropped in price from $250 to $190, and Amazon also released an updated Kindle DX for $379, a steep price drop off the first-generation device which sold for $489.

As has been policy, Amazon did not release any specific numbers on how many units were sold.

Rival Barnes & Noble last month also lowered the price of the popular Nook e-reader.

"In addition, even while our hardcover sales continue to grow, the Kindle format has now overtaken the hardcover format," added CEO Jeff Bezos. "Amazon.com customers now purchase more Kindle books than hardcover books -- astonishing when you consider that we've been selling hardcover books for 15 years, and Kindle books for 33 months."

<Apple could overtake Microsoft in overall revenue >Apple considered pulling iPhone from AT&T?

1 user comment

121.7.2010 15:19

lissenup2

Inactive

Are people really that dumb when it comes to informing themselves of products out there????? Can it be that abundant???

Kindle vs. Nook is a clear cut case. The Nook is better in virtually every respect. Better price, wireless capable, digital display, memory expandable. Kindle is like Blue Bunny ice cream, essentially it does the job but it sucks!

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Amazon Kindle sales triple after price cut

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