Opinion: Amazon to Drop Kindle 3 Price to $99 by Holidays

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The new Kindle will reach mass market status at the magical $99 price point

As Amazon plans to release a cheaper Kindle next month, the smaller, lighter, faster, brighter e-reader will actually reach “mass market” status when its price drops below $100, instead of the $139 they’re charging for it today (Wi-Fi only).

“That’s the magic price point for consumers,” confirms Netgear CEO Patrick Lo. “Our retail experience shows that consumers are more willing to buy 2 products at $99 than one at $199.”

So my advice to you is if you’re not in a hurry to jump on the e-reader bandwagon, simply wait until mid-December to buy the Kindle 3 at a $40 discount.

That will also give you the time to evaluate other options, such as smartphones and more complete Tablet PCs – like the Apple iPad – that will let you read e-books, browse the Web, check e-mail and much more.

But at $99, there’s hardly any reason not to treat yourself with one for Christmas!

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