Amazon Opens India Kindle Store: Hot Trends
NEW YORK (TheStreet) -- Popular searches on the Internet include Amazon (AMZN) as the company continues it expansion and opens a new India Kindle Store.
Amazon has partnered with Indian electronics retailer Croma to sell the Kindle across India. The Kindle being sold is the entry-level, non-touch-screen version. It will be sold for 6,999 Indian Rupees (INR), or about $126. That version sells for $79 in the U.S.
According to Amazon, the India Kindle Store has the "lowest prices of an e-bookstore an India" and offers over one million books. Amazon also launched Kindle Direct Publishing for independent authors with self-published work they would like to upload to the India Kindle Store. U.S. writers also have the ability to upload their self-published work to the store to target Indian consumers.
Amazon has been expanding into various overseas markets in recent months.
Best Buy (BBY) is trending as the retailer suspended profit forecasts and share buybacks for the rest of the year. The retailer cut its fiscal year earnings forecast but did not release an updated exact figure. It said it did not expect to update its outlook for the year. Best Buy, who recently named Hubert Joly as its new chief executive reported net income of $12 million, or 4 cents a share, in the second quarter, down from $150 million, or 39 cents a share, a year go. Best Buy reported weak demand for electronics in key markets like China, which had weaker results than Europe. The company suspended repurchases for the current year as its new CEO is transitioned into his position. Best Buy bought back $122 million worth of shares in the quarter.
Logitech International SA (LOGI) is another popular search. The company has introduced a washable keyboard for PCs. The Logitech Washable Keyboard K310 can be washed multiple times and even submerged in up to 11 inches of water and left out to dry. Holes in the back of the keyboard allows water to drain, while characters on the keyboard are laser-printed and sealed with a UV coating to prevent fading.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
