Kindle sales benefitting from Sony Reader and Nook sellouts

Before you go, we thought you'd like these...
Before you go close icon released a statement Monday saying that November was so far the "best sales month ever" for its portable electronic reader, Kindle. Does that mean that Amazon actually released sales numbers? Well, no.

Despite phrases in a press release like "flying off the shelves" and "#1 bestselling product," there were no numbers or quantitative data given. As John Paczkowski of the Wall Street Journal pointed out, Amazon CEO Jeff Bezos says he wants to keep "numbers close" to keep Amazon's competitive advantage.

Some analysts say that sales numbers will probably be about 3 million for 2009, slightly higher than previously predicted because of decreased competition.

Apparently Kindle is killing its competitors, mainly because its rivals Sony and Barnes & Noble are already backlogged and can't supply stores or its Web sites.

Although it's good to be a hot item in high demand, it also means delays and frustration for consumers who want to buy an electronic reader for the holidays. If buyers can't find a $259 Barnes & Noble Nook or a $200 Sony Reader, then they will turn to Amazon's ubiquitous Kindle at $259.
Read Full Story


DJIA 20,624.05 4.28 0.02%
NASDAQ 5,838.58 23.68 0.41%
S&P 500 2,351.16 3.94 0.17%
DAX 11,757.02 -0.22 0.00%
NIKKEI 225 19,234.62 -112.91 -0.58%
HANG SENG 24,033.74 -73.96 -0.31%
USD (per EUR) 1.06 0.00 0.17%
USD (per CHF) 1.00 0.00 -0.09%
JPY (per USD) 112.85 -0.01 0.00%
GBP (per USD) 1.24 0.00 0.23%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners