According to Collins Stewart financial analyst Sandeep Aggarwal, Amazon’s Kindle electronic book reader will earn upwards of $300 million in revenue this year and $70 million in profit, growing to $1.6 billion in revenue and at least $400 million in profit by 2012. Aggarwal believes that sales of the Kindle will grow about 80 percent a year from 2009 to 2012, and that subscriptions to content will increase as a result. See a piece in The Washington Post for more details.
Thursday, May 21, 2009
Financial analyst: Amazon’s Kindle e-reader will generate $1.6 billion in revenue by 2012
According to Collins Stewart financial analyst Sandeep Aggarwal, Amazon’s Kindle electronic book reader will earn upwards of $300 million in revenue this year and $70 million in profit, growing to $1.6 billion in revenue and at least $400 million in profit by 2012. Aggarwal believes that sales of the Kindle will grow about 80 percent a year from 2009 to 2012, and that subscriptions to content will increase as a result. See a piece in The Washington Post for more details.
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