Amazon’s Kindle tablets are firing away. The Amazon Kindle has seen a massive demand since launch and the Kindle Fire, though not released, has generated a large amount of pre-orders.
This comes in the wake of the company reporting a profit of $63 million for the third quarter, which is a slide down to 73%. According to Wall Street estimates, the profit garnered from 14 cents a share was low, which has resulted in dropping of the company’s shares in after-hours trading.
But with the new Kindles roaring, Amazon might be looking towards a bigger profit. CEO Jeff Bezos, in the earnings news release, said:
“In the three weeks since launch, orders for electronic ink Kindles are double the previous launch. And based on what we’re seeing with Kindle Fire pre-orders, we’re increasing capacity and building millions more than we’d already planned.”
Amazon will be selling the Kindle Fire at a relatively lower price, and at $199, that could be considered a loss. The third quarter of this year saw Amazon’s net sales rise %44 to reach $10.88 billion, but that didn’t help the profits much, which went down 73 percent, resulting in a net worth of $63 million.
Amazon is rumored to take around a whooping 50,000 pre-orders per day on their new Android tablet. It is speculated that, given the huge demand, the company might end up selling almost 5 million Amazon Kindle Fires by the end of this year.
That would probably make it this years most popular Android tablet, and also the most popular Android tablet till date. It might also end Amazon’s profit worries.