The Kindle 2 could generate revenue of $305 million and gross profit of up to $70 million for Amazon this year, according to estimates made by investment bank Collins Stewart.
The estimates are just the latest heady Wall Street predictions for the Kindle 2, Amazon's digital book reader. Last month, a Citigroup analyst published a report that predicted the Kindle 2 would generate $1.2 billion in revenue by 2010.
Amazon hasn't broken out financial numbers for the Kindle 2, which made its debut last month.
Collins Stewart estimates that the device will see sales of $1.6 … Read more