Wednesday, February 4, 2009

Wall Street sees big sales for Amazon Kindle

Amazon.com has steadfastly refused to disclose details on the sales of its popular e-book reader known as the Kindle, which hasn't stopped Wall Street analysts from trying to pinpoint the number anyway.

A pair of analysts issued reports late Monday with their estimates, which put Kindle sales for last year somewhere between 374,000 units and 500,000 units. Analyst Mark Mahaney of Citigroup says this would put the device ahead of the early sales of the popular iPod digital music player.

Amazon launched the Kindle in December 2007 and quickly sold out its initial production run. The device was also sold out in the recent holiday shopping season. The company has long refused to disclose specific sales figures for the Kindle, and a spokesman would not comment on the latest estimates for the device.

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