Alright, a statement we've already heard before with no meaningful results, so take it with a grain of salt. Or a whole salt lick, actually. This time around, there is this guy from Seeking Alpha (a well-respected financial blog network), Prashanth Cherukuri, who makes no secret of being short in Amazon stock (i.e. betting on a decline to get a lot of money out of it), and who believes that everything we've heard so far about the Kindle's success is nothing but a fairy tale.
Quote:
It is very obvious that Amazon's Kindle is a huge flop. In six months of traveling, I am yet to see a single person on any bus, train or plane with a Kindle in their hands. Contrast that with the iPod or iPhone or even the Sansa, where people can actually be seen using them everywhere.
Kindle isn't going to take off. Yes, there will always be technophiles and other early adopters that get one because it's new or somehow cool. But regardless of whether the Kindle succeeds or fizzles, the buzz-induced sales ramp will look about the same at this early a stage.
|
Find the full article
over here.
Related:
Amazon Kindle projections overrated?