Amazon Drops Kindle Price

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We may never know exactly how well the Kindle is selling—or what constitutes “in stock” and “out of stock” according to Bezos—but the popular online retailer just cut the price of its famous eBook reader by $40, bringing it to $359.

The $399 Kindle launched last November and had originally sold out within hours. According to The Associated Press, Amazon sorted out its supply chain and manufacturing problems, and the device was back on sale in April.

Amazon spokesman Drew Herdener said Tuesday that Amazon’s cost of manufacturing the Kindles dropped as it increased the number produced, the report said, but he still wouldn’t release any sales figures.