kindle 2

Amazon cuts Kindle 2 price $60 to $299

Seattle -- Amazon.com Inc. has cut the price of its Kindle 2 e-book reader to $299, a $60 drop, the U.S. company says.

The company is passing on savings to consumers from the increasing volume of Kindle 2 sales and the decreasing costs to make the digital reading
device, spokesman Andrew Herdener said in a statement.

Amazon's jumbo Kindle DX, introduced in May, remains $489. It is out of stock on the site and expected to ship in three to five weeks.

The price reduction for the Kindle 2 also appears to be related to the acquisition of the maker of the Kindle's electronic paper displays by the Kindle assembler, a Goldman Sachs analyst said.

Amazon’s Latest: Kindle DX

Kindle, which initially stormed into the market in late 2007 and left all of us wanting for more, is now coming up with an upgrade to its second version, Kindle 2. The company unveiled the latest Kindle, Kindle DX, on Wednesday, May 6th.

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