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‘Record’ Kindle Sales Send Amazon’s Stock Surging

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While Barnes & Noble (NYSE: BKS) and Sony struggle to meet the demand for their new e-Readers, Amazon (NSDQ: AMZN) is riding high on what it calls “record” Kindle sales for the month of November. No quantitative stats, and no details on whether the sales are for the Kindle DX, the Kindle 2, or both readers, but the company says it was the “number one” best-selling item across all product categories—and the best sales month ever—for the device. 

SEE ALSO: Barnes & Noble Misses In-Store Date For Nooks | paidContent

Amazon also made a point to highlight that the Kindle 2 with international access is “available for immediate shipment,” even as its rivals continue to push back the shipping dates for the new Nook and WiFi-enabled Sony (NYSE: SNE) Readers. The news, combined with investors expectations for strong “Cyber Monday” sales, sent Amazon’s stock up two percent to $135.25—its highest point in ten years—per MarketWatch.

Nov 30, 2009 12:51 PM ET

Kindle DX $100 Bill


Posted In: Media & Publishing, Books, e-readers, Companies, Amazon, Kindle, Barnes & Noble, Nook

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