The Banking and Strategy Initiative

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Wondering if Amazon's lost on the Kindle? Amazon clarifies

After the launch of Kindle Fire last month, the company is adding $100 mln in revenues every week for three straight weeks, Amazon

Image representing Nielsen as depicted in Crun...

Image via CrunchBase

clarified it is selling more than a million Kindles a week. The stock, understandably regained most of its fall till Wednesday after the press release played on exact sales numbers released to counter the negative reviews on Kindle’s UI and lack of privacy and child settings

Also in other critical updates on devices, smartphone usage is more than 1 in 2 in the 18-34 age group, according to Nielsen’s Mobile Media report. 53% of the 18 somethings and 63% of the 25-34 age group own a smartphone now. Good news for most social media investors including Facebook, Zynga and AppleĀ investors

 

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This entry was posted on December 15, 2011 by in Private Equity, Retail Lifestyle, Social Media.

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