Amazon Drops Kindle Price By $40

Besides the Jeff Bezos sighting at D6 this evening, some more news from Amazon (NSDQ: AMZN), a slightly surprising one considering the sellout status of Kindle: the company is dropping the price of its electronic book reader by $40 and now is selling at $359. The $399 Kindle launched last November and sold out in hours…and Amazon solved the supply issues and it went back on sale in April. Now the company says its cost of manufacturing the Kindles dropped as it increased the number produced. No word yet on version 2.0 of Kindle…it dearly needs to do some kind of upgrade on the UI/design side.