Amazon is facing pressure to cut Kindle prices even while the eBook war between the retailer, Apple and publishing houses means Amazon has stopped selling some Penguin and Hachette e-books.
With the overwhelmingly positive reviews greeting the iPad, which is set to snuggle into US consumer hands on the morrow, Wall Street is getting nervous for Amazon.
Piper Jaffray analyst Gene Munster says Amazon should cut the price of the Kindle: he suggests a reduction to $149, from the current $259.
Munster says he expects Amazon shares to be under pressure for a few weeks as the Street worries about the iPad eating into Kindle sales. Continue reading