Thursday, December 15, 2011

Amazon: Customers Purchasing Kindles at Rate of Over 1 Million Per Week

Uploaded by on Dec 15, 2011
Amazon.com says that for the third week in a row, customers are purchasing well over 1 million Kindle devices per week.

The company did not break out individual metrics on each unit; Kindle sales would include the E-Ink-based e-reader devices as well as the Kindle Fire tablet, which began shipping on Nov. 15 for $199.

Amazon said the Fire has been the best-selling item on its Web site since its launch.

Amazon.com (NASDAQ:AMZN) has potential upside of 31.9% based on a current price of $182.08 and an average consensus analyst price target of $240.08.

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