Kindle Is A 5.5 Billion Dollar Business For AmazonMay 12, 2011 9:52 am
We all know Amazon doesn’t release Kindle sales numbers, the best we have is estimates. We spotted this today:
“In our view, in 2011 Kindle can generate revenue in excess of $5.42 billion and $1.21 billion in gross profit; by 2012 we expect at least $7.96 billion in total revenue and $2.00 billion in gross profit,” said Sandeep Aggarwal, an analyst at Caris.”
Read more: http://www.ibtimes.com/articles/143318/20110510/amazon-com-kindle-ebook-reader-device-apps-video-book-titles-store-nasdaq-stock-market-wi-fi-114.htm#ixzz1M88jMOKm
We have written about the Mathematics behind Amazon’s move when Amazon announced an ad-supported Kindle at a discounted price.