Related
November has proven to be the best sales month ever for Kindle in the U.S., helping to send Amazon.com Inc. shares to an all-time high Monday.
"It's flying off the shelves faster than any other product Amazon sells," Ian Freed, vice-president of the online merchandiser's Kindle division, said in a news release Monday.
"We’re seeing lots of people buying from one to a handful of Kindles as gifts for friends or family, as well as many businesses and other organizations buying Kindles in large quantities for their employees or customers," Freed said.
Shares of Amazon.com Inc. hit a record $135.25 US in intraday trading on Nasdaq.
Amazon does not provide precise data on Kindle sales.
Its Kindle is a portable e-reader that can store about 1,500 books in its two gigabytes of memory.
Users can wirelessly download books, magazines, newspapers and personal documents to a high-resolution 15-cm electronic display, using the same 3G wireless technology as advanced cell phones. Several versions, including one with a magazine-sized screen, are available in the United States.
Tardy Canadian rollout
Kindle's launch has been slower and somewhat more controversial in Canada because the e-reader's web browser and blog subscription service will not work here, but customers will have free access to Wikipedia.
Only the 15-cm display version is sold here and it's not yet known which company will supply the device's cellular connectivity in Canada.
Amazon's product currently dominates the e-reader market, taking 60 per cent of the U.S. marketshare, according to a Forrester Research report.
Sony's Reader has 35 per cent marketshare. It is available in Canada, as is its smaller Reader Pocket Edition and its larger touch-screen version. None of them can connect wirelessly, although Sony announced that it would begin selling the Reader Daily Edition in the U.S. in December.
Share Tools
Top News Headlines
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- Legalize pot, say former B.C. attorneys general
- Four former B.C. attorneys general are joining a coalition of health and justice experts calling for the legalization of marijuana. more »
- Whitney Houston's funeral to be held Saturday
- Pop star Whitney Houston's funeral service will be held Saturday in the New Jersey church where she first showcased her singing talents as a child. more »
- Online surveillance bill targets child porn: Toews
- A bill that would give police and intelligence agencies new powers to access Canadians' electronic communications is needed to protect against child pornography, says Public Safety Minister Vic Toews. more »
Latest Business Headlines
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- CPP invests $1.8B in U.S. malls
- The Canada Pension Plan Investment Board is making a whopping $1.8-billion investment in shopping malls in the U.S. with a new joint venture agreement with the Westfield Group in its biggest real estate deal to date. more »
- Nortel hit by suspected Chinese cyberattacks for a decade
- Hackers based in China enjoyed widespread access to Nortel's computer network for nearly a decade, according to a report. more »
- CN blamed for fatal train derailment in Illinois
- CN is being blamed for a 2009 train derailment in Illinois, in which several cars went off the tracks and caught fire, killing one person and injuring seven others. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12354.47 | -44.22 |
| DOW | 12878.28 | 4.24 |
| NASDAQ | 2931.83 | 0.44 |
| SP 500 | 1350.5 | -1.27 |
| NYSE COMPOSITE | 8029.61 | -26.64 |
| AMEX | 2429.06 | -2.72 |
| TSX-VENTURE | 1630.03 | -19.33 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Online surveillance critics accused of supporting child porn
- Whitney Houston's funeral to be held Saturday
- HMCS Corner Brook collision damage extensive
- Online surveillance bill targets child porn: Toews
- Legalize pot, say former B.C. attorneys general
- Mooning Queen proves costly for Australian man
- MacKay says submarine fleet has 'spotty' history
- Man kidnapped at Greyhound station escapes captors
- Stanley Cup rioter seen in brick attack on cop
