“The Kindle has definitely established itself as the iPod of the book world,” a Citigroup analyst told investors Thursday.
The Kindle, an e-book reader drawing the most attention beside Apple’s rumored tablet, could earn Amazon $1.6 billion in 2010, according to analyst Mark Mahoney. The analyst said the Kindle is having “greater than expected traction” and expects the company to sell 2 million Kindles in 2009 – up from 1.5 million previously forecast.
In November, Amazon announced record sales for the Kindle, saying the e-reader was “flying off the shelves faster than any other product Amazon sells.” The Internet retailer did not release any sales figures, however.
Source: Cult of Mac.
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