Amazing e-reader market dynamics
Yesterday, Amazon.com Inc. slashed the price of the Kindle by $70 to $189, just a few hours after Barnes & Noble Inc. reduced the price of the Nook by $60 to $199 and said it would also start selling a new Nook with Wi-Fi access for $149.
Both the Kindle and the original Nook can wirelessly download books over high-speed data networks; the Nook also has Wi-Fi access. Amazon has lowered the Kindle’s price several times since it debuted in 2007 at $399. The Nook was released last year for $259.