Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 30 December 2011 23:32

Amazon selling 1 million Kindle Fire tablets per week

Written by Jon Worrel

amazon kindle_fire

In the month of December 2011

On Thursday, Amazon officially reported that it had sold more than one million Kindle devices per week in the month of December 2011, with the new Kindle Fire tablet earning the top-spot in its overall device sales.

Since its worldwide launch on Amazon.com just over 13 weeks ago, the Kindle Fire has been the “number one best-selling, more gifted and most wished for product” of the holiday season.  The company said "gifting" of Kindle books between November 25 and Christmas Day rose 175% compared to the holiday period last year with Christmas Day the biggest day ever for Kindle book downloads.

On its webstore, Amazon has stated that the Kindle is its best-selling product in the United States, Britain, France, Germany, Italy and Spain. Consumers have begun an all-out frenzy on sales of digital media, including e-books, videos and other digital content. The company said "gifting" of Kindle books between November 25 and Christmas Day rose 175% compared to the holiday period last year with Christmas Day the biggest day ever for Kindle book downloads.

Despite incredibly successful sales of Kindle devices and digital content over the holiday quarter, analysts and financial firms have noted that Amazon may still fall short of Q4 2011 earnings expectations. Heather Bellini, an analyst at Goldman Sachs, said that Amazon’s revenue may rise 38 percent from a year earlier to $17.9 billion. However, this figure is still less than the   $18.2 billion average analyst estimate.

Colin Sebastian, an analyst at Robert W. Baird & Co. in San Francisco, estimates that Amazon will sell 5 million to 6 million Kindle Fires in Q4 2011. While Amazon is losing money on every Kindle Fire it sells, the devices strongly encourage the ordering of e-books, videos and other digital content.

Amazon’s shared have declined 3.4 percent overall this year. As of December 30, 2011, shares have changed little at $173.44 in New York.

Last modified on Wednesday, 11 January 2012 06:36

Jon Worrel

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments