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Media

Did Amazon.com’s Kindle Already Peak? (AMZN, SNE)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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There has been a lot of coverage of the Amazon.com (NASDAQ: AMZN) Kindle e-book reader.  But what happens when you hear there has been yet another price cut on the device?  Some have tried to use this device as one more hail as a the death to printed books (and newspapers).  And some look at this as just another major missed opportunity from Sony Corp. (NYSE: SNE).

The Kindle is only about a year and a half old from the first launch and was constantly in limited supply or on a wait list at the launch.  Suddenly, the Kindle is being advertised at $299.00 by Amazon.com rather than the $359.00 previously.

There was recently a merger on the supplier-side of the equation.  The issue is that most reports have Amazon.com losing money on the device sales so that it can make it up on the sale of books and other content.

There is one area that always gets hurt during recessions, and that is before the consideration of digital media eating at print media.  Sales of new books drop.  Our bet is that with all the money heading to iPhones and the army of unemployed, this is an official advertisement that e-book sales might not be growing as fast as Jeff Bezos would like.

Jon C. Ogg

Contact [email protected] for any questions or corrections.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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