Rapid price deflation in the market for dedicated e-readers continued today as Amazon unveiled a new generation of its Kindle e-reader device. While the new Kindle features better e-ink technology and is smaller than the version it replaces, the most notable change is yet another cut in price. Amazon has introduced a Wi-Fi only device for $139 with the 3G wireless device remaining at $189. This comes only weeks after Amazon cut the price of the current Kindle version from $259 to $189 and announced that e-book unit sales now exceed hardcover sales. Read this article for more details.
Has the tipping point been reached in the transition from printed hardcover books to e-books? It appears that this might be the case based on statistics released by Amazon.com in a press release today. According to the company, for every 100 hardcover books sold over the past month, 183 Kindle books were sold. This does not include free Kindle books but does include sales of hardcovers where there is no Kindle book equivalent.