Scalper1 News
After leaked images and details of the new Amazon.com ( AMZN ) e-reader — which largely proved true — the company announced the official details Wednesday. The new Kindle, called Oasis, is the most expensive, smallest and lightest offering to date. Available for preorder Wednesday at $289.99, the Oasis is 30% thinner and more than 20% lighter than the other Kindles, according to Amazon’s press release . Oasis weighs just 4.6 ounces, and it measures 3.4 millimeters — just more than a 10th of an inch — at its thinnest point. Amazon stock was up 1.5%, near 613, in midday trading on the stock market today . Amazon has an IBD Composite Rating of 78, where 99 is the highest. Shares broke out of a cup-with-handle base with a 603.34 buy point, in high volume. In its release, Amazon touted the two-battery design that the company claims will extend the battery life for “months.” The cheapest Kindle starts at $79.99 but lacks the high-resolution display and other features of the more expensive models, such as the Paperwhite — $119.99 — or the Voyage, which costs $199.99. Amazon does not break out Kindle sales. The Associated Press , citing the Association of American Publishers, reported that overall e-reader sales rose 3.8% in 2014 to $3.37 billion. Seattle-based Amazon’s content distribution — it also live streams video like Netflix ( NFLX ) does, for example — sets it apart from e-commerce players such as eBay ( EBAY ) and Wal-Mart ( WMT ). Scalper1 News
Scalper1 News