Amazon Cuts Price of the Kindle

Priya Ganapati:

Amazon has cut the price of its Kindle e-book reader to $190 from $260 earlier. Amazon’s move comes in response to Barnes & Noble’s price cut on the Nook earlier Monday.

This was bound to happen, kudos to Amazon for reacting so quickly – the profit is in the books not the device. Unlike the Nook however I suspect the Kindle to be around for a while yet. Look for the death of the Sony eReader soon though.