The kindle part of Amazon’s business isn’t as big as you might think:
CHART OF THE DAY: The Kindle Is Starting To Be Big Part Of Amazon’s Business
“Amazon’s Kindle business is slowly starting to develop into something material. Read it with a grain of salt because it’s based on estimates, but Citigroup analyst Mark Mahaney says Kindle eReaders and Kindle eBooks will contribute 10% of Amazon’s sales by the end of next year. That’s $6.1 billion in sales based on 26 million Kindles, and 752 million ebooks sold.”
Stephen
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Interesting stats. It wouldn’t surprise me if this number (10%) would significantly increase over the next 5-10 years.