Amazon cuts Kindle eBook reader price by $40

Online retailer has nipped $40 from the price of its Kindle eBook reader, the Associated Press reports. The $399 Kindle launched last November and sold out in hours. Amazon sorted out its supply chain and manufacturing problems, and the device was back on sale in April. Amazon spokesman Drew Herdener said May 27 that the company’s cost of manufacturing the Kindle dropped as it increased the number of units produced. The Kindle’s new $359 list price is still higher than Sony Corp.’s competing eBook reader, which retails for $299…

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