Amazon's Kindle could be next iPod, analyst says
Shares of Amazon.com got a strong boost Monday after an analyst for Citigroup doubled his sales projection for the company's new electronic book reading device, known as the Kindle. In a report to clients, analyst Mark Mahaney said Amazon could be on track to sell as many as 380,000 units of the Kindle this year. This would match the number of sales for the iPod digital music player in its first year on the market, leading the analyst to predict that the Kindle "is becoming the iPod of the book world."
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