ReKindle

Posted on August 1, 2008

I have to be honest. When I mentioned the launch of Kindle by Amazon , I really didn’t expect it to be a very big deal, especially at $360, even if that was a reduced price. Seems I underestimated the amount of money people have at their disposal.

But it sold out initially and supplies have been tight. Amazon doesn’t report the numbers but word is they have sold almost a quarter million of these things. Not exactly chump change…..90 something million dollars. Understand that is before all the necessary digital books are sold so it seems to be an easy 100 million dollar business.

Now if they release a textbook version or supply scholastic studies, the value may increase rapidly.

Some analysts believe another 1/2 million will be sold in the next year and with the add-on sales, we would be looking at 225-250 million. The next estimates are for 2.25 million sold in 2010. All of a sudden, we’re looking at a billion dollar business.

You just never know, do you?