Sunday, June 12, 2011

Kindle Already Over 15 Percent of Amazon's Business, Analyst Estimates

We’ve seen a lot of extremely high estimates for Kindle revenues recently: a Citigroup report earlier this week projected that Kindle would bring in $3.2 billion in revenue this year, about 8 percent of Amazon’s $34.2 billion business, and would make up 10 percent of the company’s revenue next year.

But a new report is even more optimistic: Caris & Co. analyst Sandeep Aggarwal estimated today that Kindle will rake in over $5.48 billion this year, and $8.64 billion in 2012.

Source: http://feeds.paidcontent.org/~r/pcorg/~3/YLqOJQYsWx4/

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