I had a Kindle 3 since 2011. I now use a Paperwhite which I love and gave my daughter my Keyboard Kindle. It still works perfectly for her. My sister bought a Kindle 3 before I got mine and she too upgraded and passed the old one on to her daughter. And yes, that Kindle 3 is also working perfectly.
I took out an extended guarantee with my new ereader which will cover it for three years, so I have no fears in that area.
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