I have argued many times on this blog about the merits of Amazon Kindle, and how I feel it is worth the money more so than Apple iPhone. But Apple iPhone is unquestionably the more popular gadget these days (with Apple’s promotion machine behind it). The good folks at PC World reported the other day that Apple will be cutting production for iPhone and have had to scramble to readjust their forecasts for the next quarter due to the financial crisis that has taken the U.S. by storm.Â
I’d like to believe that Apple’s troubles are due to them overestimating the demand for the iPhone. But the fact is, Amazon may also take a hit in their sales numbers, even though Kindle has been a bright spot for them in this past quarter. But how much that enthusiasm negates the fear that folks feel in these volatile times?
I am not sure Amazon Kindle can move forward as fast as before despite all the praise that it’s getting in the press. This year promises to be one of the worst years ever for retailers, and folks are cutting their shopping budgets to prepare for the worst. I don’t know about you, but if I was in an unstable job with the economy in the toilet, I would too be hesitant about buying Amazon Kindle. Will Kindle survive these tough times? There is no reason to doubt it, but nevertheless, the numbers won’t be that rosy for Amazon in this and next quarter.
Your take: do you think Amazon will get hit harder by the financial crisis than Apple?