S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Kindle First-quarter Sales Weak (AMZN, AAPL)

Photo of Paul Ausick
By Paul Ausick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Sales of the Kindle family of e-readers from Amazon.com Inc. (NASDAQ: AMZN) is “significantly weaker than expected” in the first quarter of 2012 according to an analyst at Pacific Crest. The analyst’s warning is based on checks with suppliers, who say that e-reader component orders are down 75% from January levels.

The introduction of the new iPad from Apple Inc. (NASDAQ: AAPL) did not figure into the equation. In a note Pacific Crest’s clients, cited at MarketWatch, analyst Chad Bartley said:

We attribute weaker e-reader demand to slowing adoption, as well as some cannibalization by the Kindle Fire.

Bartley maintains his sales target for the Kindle Fire tablet but does see “some risk” based on the supplier check.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Nook Tablet Orders Increasing (BKS, AAPL, AMZN)

A burst of interest in the Nook tablets from Barnes & Noble Inc. (NYSE: BKS) is causing the company to…
Douglas A. McIntyre |

Amazon Makes Big Push of Its Own Consumer Electronics

Amazon has shifted gears recently, pushing its consumer electronics products, some of which are not profitable, at least according to…
Douglas A. McIntyre |

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

There has been a lot of coverage of the Amazon.com (NASDAQ: AMZN) Kindle e-book reader.  But what happens when you…
Douglas A. McIntyre |

Barnes & Noble Releases Nook, Shares Wobble

Barnes & Noble (NYSE: BKS) released its new Nook tablet e-reader. The company’s shares move higher by barely 1%. Wall St.…
Paul Ausick |

Amazon’s New Tablets Get Subdued Introduction

Amazon.com introduced five new models of its Kindle and Kindle Fire tablets but without much fuss.
Paul Ausick |

Amazon Lengthens Free Shipping Deadline (AMZN, AAPL, BKS, SNE)

Amazon.com (NASDAQ: AMZN) has said the its Kindle Fire is the best-selling item on its web site and it wants…
Douglas A. McIntyre |

The $0.99 Amazon Fire and iPhone Pricing

The bet other smartphone manufacturers are making is that they can undercut Apple sales before it introduces its new iPhone.
Douglas A. McIntyre |

Amazon: Too Little Data For Shareholders

The third generation of Amazon.com’s (NASDAQ: AMZN) Kindle e-reader was the best selling product in the e-commerce firm’s history. The…
Douglas A. McIntyre |

Question for Jeff Bezos: How Is Amazon Doing?

ThinkstockLost in the frenzy of news coverage about the purchase of the Washington Post Company’s (NYSE: WPO) flagship by Amazon.com…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618