Amazon’s Kindle sales may not necessarily compare to Apple’s iPad, but that’s not to say that the device hasn’t become a significant part of Amazon’s sales.
In fact, the Kindle has become such an important part of Amazon’s profit, that Mark Mahaney of Citigroup is estimating the device along with its ebooks will account for a whopping 10% of Amazon’s sales next year. That translates into $6.1 billion in a year.
These figures shouldn’t come as too big a surprise when you bear in mind thate-books sales on Amazonactually continue to surpass the sales of hardcover and paperback books. And with major publishers likeBloomsbury seeing a surge in e-books sales, it is obvious that this is a trend that is on the rise, while Amazon’s trend in price point is going in the opposite direction. The device is expected to retail for less than $100 as we near the Christmas shopping season.
Story byNancy Messieh
Lesotho-born and raised, Nancy Messieh, The Next Web’s Middle East Editor, is an Egyptian writer and photographer based in Cairo, Egypt. Fol(show all)Lesotho-born and raised, Nancy Messieh, The Next Web’s Middle East Editor, is an Egyptian writer and photographer based in Cairo, Egypt. Follow her onTwitter,her siteorGoogle+or get in touch at nancy@thenextweb.com
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