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
- Raitt closer to ending CP Rail strike
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Rail strike if necessary, after both CP Rail and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt tells CBC News she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria, B.C., native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 10.4 |
| DOW | 12454.83 | -74.92 |
| NASDAQ | 2837.53 | -1.85 |
| SP 500 | 1317.82 | -2.86 |
| NYSE COMPOSITE | 7534.32 | -18.01 |
| AMEX | 2227.37 | 1.45 |
| TSX-VENTURE | 1309.27 | 26.8 |
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
- Teen struck by lightning in Ottawa dies
- Missing Winnipeg children found in Mexico
- Syrian regime denies role in Houla massacre
- Quebec tornadoes cause millions in damage
- Montreal protesters march in peaceful defiance
- Remains found in bag on Cape Breton river ID'd
- Woman's remains found in hockey bag on Cape Breton river
- Everest team unable to bring down Toronto woman's body
- Neighbour may have helped find missing kids in Mexico
