Kindle Ignites

Hey, remember last year when we all laughed at the Kindle? Said e-books would never take off? Especially with such a fugly e-reader? Via CNET:

Calling it the iPod of the book business, CitiGroup analyst Mark Mahaney says the Kindle e-book reader will generate three-quarters of a billion dollars for Amazon.com in less than two years.

CNET thinks the analyst is being "more than a little optimistic", but still. Amazon is already selling around 200,000 of the $400 units a year and sales are apparently on track to hit 1 million units a year.

(Photo via Gizmodo)