Amazon Kindle Fire and Reader Sales Forecasts Lowered Following 8-GB Nook Announcement

From Barron’s Online (Amazon: Barclays Cuts Kindle, Kindle Fire Estimates):

Barclays Capital’s Anthony DiClemente today reiterates an Equal Weight rating on shares of (AMZN), while cutting his estimates for the company’s sales of Kindle e-book reader and Kindle Fire tablet computer, reflecting increased competition in tablets and a longer wait time for a revamp of the Fire.

DiClemente cut his Kindle Fire estimate for this year from 18.4 million units to 17.1 million, and cut his estimate for the Kindle reader sales to 18.4 million from 23.8 million units. DiClemente sees Amazon facing stiffer competition in the form of the $199 8-gigabyte model of Barnes & Noble’s (BKS) “Nook Tablet,” introduced Tuesday.

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