Kindle sales on fire: Amazon

Dec 29, 2011
A Amazon Kindle Fire tablet is displayed at a press conference in New York in September. Amazon said Thursday that it sold more than one million Kindles a week in December with the new Kindle Fire tablet computer its top-selling item.

Amazon said Thursday that it sold more than one million Kindles a week in December with the new Kindle Fire tablet computer its top-selling item.

This year saw "the best holiday ever for the Kindle family as customers purchased millions of Kindle Fires and millions of Kindle e-readers," the Seattle-based online retail giant said in a statement.

Amazon said the Kindle Fire has been the "number one best-selling, most gifted and most wished for product" on Amazon.com since it went on sale 13 weeks ago.

Besides the Kindle Fire, Amazon offers a range of Kindle electronic book readers.

Amazon said it sold "well over" one million Kindle devices per week in December with the Kindle Touch and basic Kindle taking the top two spots after the Fire.

Amazon said the Kindle is its best-selling item in Britain, France, Germany, Italy and Spain in addition to the United States.

The company said "gifting" of Kindle books between November 25 and Christmas Day rose 175 percent compared to the holiday period last year with Christmas Day the biggest day ever for Kindle book downloads.

Despite the rosy sales numbers for the gadgets, Goldman Sachs said in a research note that the online titan may fall short of fourth-quarter earnings expectations.

Industry tracker comScore found that US online spending for the first 56 days of the November-December holiday season rose 15 percent over the same period last year to $35.3 billion.

"On average, Amazon's year-over-year sales growth in the fourth quarter has outpaced holiday season eCommerce by 23 points," Goldman Sachs said.

"As such, the comScore data released today would imply top line growth of 38 percent year-over-year to $17.87 billion, slightly below current consensus of $18.19 billion, up 40 percent year-over-year."

Amazon shares meanwhile lost 0.02 percent on Wall Street to close at $173.86.

The Kindle Fire costs $199, less than half the price of the cheapest iPad from tablet market leader Apple.

It has a seven-inch (17.78-centimeter) screen, smaller than the iPad's 9.7 inches (24.6 centimeters), connects to the Web using Wi-Fi and is powered by Google's Android software.

It does not have a camera or the 3G connectivity featured on other tablets but gives buyers easy access to Amazon's online store, which sells books, music, movies, television shows, games and other content.

Explore further: Clooney slams skittish Hollywood after Sony hack

add to favorites email to friend print save as pdf

Related Stories

Kindle sales quadrupled on Black Friday: Amazon

Nov 28, 2011

Online retailing giant Amazon said Monday that sales of its Kindle e-readers and tablets quadrupled on Black Friday over the previous year's annual pre-Christmas national shopping orgy.

Barnes & Noble's unveils $249 Nook Tablet

Nov 07, 2011

Barnes & Noble unveiled a $249 Nook Tablet Monday just ahead of the crucial holiday shopping season as the book retailer fights for a larger share of the lucrative e-book market.

Recommended for you

Clooney slams skittish Hollywood after Sony hack

33 minutes ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

Atos shares soar after Xerox acquisition

3 hours ago

Shares in French tech firm Atos soared nearly five percent on Friday as traders cheered the news it had bought the IT wing of Xerox for more than $1 billion.

Two more former Sony workers sue over data breach

19 hours ago

Two more former employees of Sony Pictures Entertainment are suing the company over the massive data breach in which their personal and financial information was stolen and posted online.

Constantly changing online prices stump shoppers

20 hours ago

Online shopping has become as volatile as stock market trading. Wild, minute-by-minute price swings on everything from clothes to TVs have made it difficult for holiday shoppers to "buy low."

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Nik_2213
not rated yet Dec 30, 2011
If you have 'Middle Aged Eyes' so need a large font, even iPad's 10 inches is too small a screen for easy reading...

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.