“After six months of nothing happening on the Kindle front, Amazon CEO Jeff Bezos issued a press release calling the Kindle a ‘huge success’ and a ‘revolutionary’ device. Now, we’re not new to such hype, but the clincher here is he had no numbers, no sales figures and no revenue amounts to support his claim,” Prashanth Cherukuri writes for Seeking Alpha.
“It is very obvious that Amazon’s Kindle is a huge flop. In six months of traveling, I am yet to see a single person on any bus, train or plane with a Kindle in their hands. Contrast that with the iPod or iPhone or even the Sansa, where people can actually be seen using them everywhere,” Cherukuri writes.
“Even if we accept the fairy tale that Bezos is weaving and accept Kindle to be a resounding success, the difference to Amazon’s bottom line revenues will be 3%. JUST 3%,” Cherukuri writes.
Full article here.
[Thanks to MacDailyNews Reader “David” for the heads up.]
It doesn’t matter how good or bad the product is, the fact is that people don’t read anymore. Forty percent of the people in the U.S. read one book or less last year. The whole conception is flawed at the top because people don’t read anymore. – Apple CEO Steve Jobs remarking on Amazon’ Kindle, January 15, 2008