“With the Apple iPad getting glowing reviews with sales scheduled to launch Saturday morning, the Street is getting increasingly nervous about the impact the device is going to have on sales of the Amazon.com Kindle e-book reader,” Eric Savitz reports for Barron’s.
“To combat the issue, says Piper Jaffray analyst Gene Munster, Amazon ought to cut the price of the Kindle: he suggests a reduction to $149, from the current $259,” Savitz reports. “In an interview with Tech Trader Daily, Munster says he told his firm’s sales force today that AMZN shares are likely to be under pressure for a few weeks as the Street worries about the iPad eating into Kindle sales. As he notes, Amazon provides no data at all on Kindle unit sales; he estimates that Kindle sales lifetime to date are in the 2-3 million range.”
Savitz reports, “Munster adds that he would discourage Amazon from trying to compete more directly with the iPad, a battle he thinks they would almost certainly lose.”
Full article here.
MacDailyNews Take: B, b, but… E-Ink!
[Thanks to MacDailyNews Reader “John A.” for the heads up.]