Kindle sales tripled after the company lowered the price to $189 from $259 last month, Li writes.
That move closely followed a similar one by Barnes & Noble, which cut its rival e-book reader, Nook, to $199 and intro'd a $150 version.
Without more detailed financial information, it is
difficult for analysts to gauge how Amazon is doing in the e-book area. Said Colin Gillis, an analyst with BGC Financial, "In our opinion, they are losing money on a lot of the bestsellers sold as
e-books." The company is much more likely to be making a profit on sales of its Kindle device, he said, even with the price cut.
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