Barron's: Amazon A Hot Stock Because Of Kindle App
Good news not only for Amazon, but Kindle owners and authors, too. Barron’s is predicting that Amazon’s stock will sizzle and it’s e-book will continue to dominate the market.
Barron’s also credits Amazon’s AWS cloud service for the company’s rising stock value. AWS saw $500 million to $550 million in revenue in 2010, but is estimated to see $850 million this year.
As for the Kindle, Barron’s had this to say:
As far as the influx of tablets is concerned, there is no doubt that reading ebooks is one of the dozens of features offered by the tablets, but we believe that for the core book readers the value proposition offered by Kindle remains unmatchable (i.e. selection of ebooks, battery life, no backlight and glaring screen, free 3G, overall form factor, convenience to buy new books, etc.).
Read the whole story here.