Analysts Say Kindle E-Book Reader Set To Blow Up

Posted: Aug 12 2008, 8:37am CDT | by , Updated: Aug 11 2010, 10:00am CDT, in News | Portable Devices

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Analysts for research firm CitiGroup predict that the Amazon Kindle e-book reader will sell more than 380,000 copies in 2008. The firm bases those figures on positive reviews of the product and the fact that it's topping Amazon's bestseller list.

One of the firm's analysts expects the Kindle to be a very hot item this Christmas season and predict sells roughly equivalent to those achieved by the iPod in its first year. According to the firm the sales numbers are all the more impressive because the Kindle can only be sold in the US at this time because it requires a CDMA network.

One analyst from the firm thinks that by 2010 the Kindle will be contributing $1 billion annually to Amazon's total revenue. Only time will tell if the Kindle proves to be as popular as analysts expect.

Via The Register

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
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