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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

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Comments  

 
0 #1 Super XP 2011-12-31 04:41
Amazon claims that Kindle is selling like hot cakes, but in reality it flat out sucks. Don’t people do their research anymore?
First off it has very sluggish response at various times, it’s annoying. Navigating between the Apps most of the time is very frustrating and there is no "Home" button. The audio quality sucks, don't know what Speakers they are using but music and movies do not sound good at all. Yes sure it's cheap, and the only good thing about it is its low price and for reading e-books.
Blackberry Playbook blows this Kindle apart in response time, performance, apps, better graphics, better battery life (10hrs+), has 1GB of memory vs. 512MB on Kindle, etc., Playbook is better for e-books, and now finally price. Playbook at $199 for 16GB, #250 for 32GB and so on.
 
 
0 #2 dineaudio 2011-12-31 18:52
Let's do a little reality check, shall we? What do you need a tablet for? To watch films?? You have a TV for that, don't you? Listening to music? You have a few dozen gadgets to listen to music on, don't you? Do you have a gadget to just read books on??? No. You don't like to read books. It's stupid, right? Well, idiot, reading books is still the best way to learn something as far as I know. Kindle is actually something that the market weren't able to fulfil until now. I can only praise it. I really felt like there should be something I could read the books on, as I'm ecologically aware and don't encourage paper books, even though I love them. This way I could read a million of books and yet not harm one single tree. So go, kindle, go. I think it's the most useful gadget you can buy.
 
 
0 #3 dineaudio 2011-12-31 18:58
You're just yet another benchmark addict. Everybody is about more, more, and more, these days. To read books, you need a screen, and two buttons - forward/backward, nothing else...
 
 
+1 #4 NickThePrick 2011-12-31 20:30
Quoting dineaudio:
This way I could read a million of books and yet not harm one single tree. So go, kindle, go. I think it's the most useful gadget you can buy.


Lets keep the reality check going... you think developing and mass producing this kind of product (and hosting the ebooks on massive server farms, providing world wide access..ect.) doesn't hurt any trees or the environment at all?
 
 
+1 #5 Super XP 2012-01-01 00:24
Quoting dineaudio:
Let's do a little reality check, shall we? What do you need a tablet for? To watch films?? You have a TV for that, don't you? Listening to music? You have a few dozen gadgets to listen to music on, don't you? Do you have a gadget to just read books on??? No. You don't like to read books. It's stupid, right? Well, idiot, reading books is still the best way to learn something as far as I know.

Hope you weren't referring to my original post because your opinion is flawed logic. Here's why, you plan on carrying a dump load of devises to do many things one device could potentially do? Lol, right. I’ll stick to a device (Playbook, Toshiba’s Tablet etc.) that I can use to read books, play games, watch 1080p HDTV, check my e-mail, listen to music etc.....
 
 
-1 #6 nt300 2012-01-01 00:29
I fully agree with Super Xp on this one hands down.
 
 
+1 #7 saneblane 2012-01-01 02:38
Well from my point a view a tablet is something that does a little bit of everything. It's ok for most things but not really too good for anything besides memos and surfing the internet.Although some people do have some good uses for tablets, like nursing and event coordinating and almost anything where u are on the move.But the truth and the matter is the vast majority of people who use it, just do it for the flash and wouldn't even miss their tablet too much if it was stolen.
 

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