I would generally agree, although some new books have been creeping above the $9.99 threshold to as much as about $14.00. That's still a substantial savings over a $26 hardcover edition.
There are also various giveaways, free public domain books, books for $1 promotions, etc. The device is expensive, but you definitely save money on books.
I've even found some nice deals on mass-market paperbacks. It just depends. At least so far, the Kindle edition is always cheaper than the print edition.
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