Hanvon dropping prices 20%

[ekaser]

In the article "China E-book Readers Face Markdown" at
http://www.tradingmarkets.com/news/stock-alert/amzn_aapl_china-e-book-readers-face-markdown-1049130.html

it's reported that:

While iPad of Apple Inc. (Nasdaq: AAPL | PowerRating) is competing with Kindle of Amazon.com Inc. (Nasdaq: AMZN | PowerRating) in the oversea market, the tablet computer triggers a markdown of e-book readers in the Chinese market. As a result, the stock price of Hanwang Technology Co., Ltd. (SZSE: 002362) slipped.

Technology portal zol.com.cn discloses that mainstream e-book reader brands such as Hanwang and Founder Technology Group Corporation (SHSE: 600601) have all downgraded their prices by about 20%.

Not only iPad, but also domestic tablet computers like FlyTouch of Gome Electrical Appliances Holding Ltd. (SEHK: 0493) challenge the robust growing e-book market. With the same size as an e-book reader, iPad is tapping a burgeoning market between laptops and smart phones. Apple reveals that iPad users download 250,000 e-books one day from the company's online store.