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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (15042)2/3/2009 11:08:26 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
AMZN -62.19
Closing in on heavy 63 resistance
I guess they had to do it.



To: Smiling Bob who wrote (15042)2/3/2009 2:42:21 PM
From: Smiling Bob  Respond to of 19256
 
AMZN-63.49
head pumper at it again-with his educated guess again based on stretching the hat to fit the head
You have to ask yourself why Mahaney continues to speculate rather than going right at the source
---
Analyst estimates Amazon sold 500K Kindles in 2008
Analyst believes Amazon sold about 500,000 Kindles in 2008, citing partner's SEC filing

* Rachel Metz, AP Technology Writer
* Tuesday February 3, 2009, 1:56 pm EST

NEW YORK (AP) -- Amazon.com has kept its Kindle electronic book reader shrouded in some mystery. The online retailer has said the device is out of stock, but it hasn't said how many were sold.

On Tuesday, Citi Investment Research analyst Mark Mahaney offered an educated guess -- that Amazon sold 500,000 Kindles last year. That is higher than his previous expectation of 380,000.

Mahaney bases his latest estimate in part on a regulatory filing from Sprint Nextel Corp., which is a key player since the Kindle downloads books wirelessly over Sprint's network. The filing notes that 210,000 of "certain wholesale devices" were activated on Sprint's network during the July-September period by "wholesale partners prior to selling the device to the end customer."

Mahaney said in an interview that this is the first time Sprint has disclosed such a figure, and he believes it refers directly to the number of Kindles that were purchased during that three-month period. Sprint spokesman James Fisher said the company had no comment.

Amazon has not released sales figures for the $359 Kindle -- which debuted late in 2007 -- though it said last fall that it had sold out of the devices after an endorsement by Oprah Winfrey. In the fourth quarter, the company made another 45,000 book titles available for the Kindle, bringing the total to 230,000.

The company is widely believed to be releasing a new version soon.

In his note to clients, Mahaney estimated that revenue from the Kindle could rise to $1.2 billion by 2010 -- which he thinks would be 4 percent of Amazon's revenue for that year.

Amazon spokesman Drew Herdener would not address the accuracy of Mahaney's estimate.

Copyright © 2008 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.

Can you beat 50% per month? AMZN - Bizweek has an obvious bias Begi CoRNbREAd wuZ hERe 8/27/2008 11:41:49 AM
Can you beat 50% per month? AMZN - word spreading, albeit slowly Po CoRNbREAd wuZ hERe 8/26/2008 8:08:47 AM
Can you beat 50% per month? AMZN - the word is getting out Next o CoRNbREAd wuZ hERe 8/25/2008 12:10:55 PM
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Can you beat 50% per month? AMZN - skepticism starting to rear Of c CoRNbREAd wuZ hERe 8/12/2008 11:13:06 AM
Can you beat 50% per month? Amazon's unseen bestseller raises questi CoRNbREAd wuZ hERe 8/12/2008 6:54:31 AM
Can you beat 50% per month? Why does no one want the credit for writ CoRNbREAd wuZ hERe 8/11/2008 6:53:52 PM
Can you beat 50% per month? AMZN 80.78- can't believe people get pai CoRNbREAd wuZ hERe 6/3/2008 10:58:04 AM
Can you beat 50% per month? God also put out a buy on AMZN this morn CoRNbREAd wuZ hERe 1/2/2008 9:30:22 AM