Light My Kindle

According to TechCrunch, Amazon has sold 240,000 Kindles since its launch in November. They say they have a “source close to Amazon with direct knowledge of the numbers.” According to their numbers, this puts sales of the Kindle between $86 and $96 million, depending on the price-point, which was dropped back in May.

The most fascinating part of the article talks about the Kindle’s future at Amazon:

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 (including this one). 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. Based on that, he values the Kindle as a $1 billion business for Amazon.

Read the entire article at TechCrunch.com.

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