The company may sell 380,000 Kindles in 2008, up from its earlier projection of 190,000, Citigroup analyst Mark Mahaney wrote Sunday in a research report. He recommends buying the stock.
"Kindle is becoming the iPod of the book world," Mahaney wrote. "Kindle could be one of the top 'gadget' gifts this holiday season." He noted that Apple sold 380,000 iPod music players in 2002, the first year they were sold.
Business & Technology | Amazon shares up with Kindle news | Seattle Times Newspaper
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