NEW YORK (
) -- How low will prices for
(AMZN - Get Report)
Kindle go? According to readers of
, the price for the device might just drop below $100.
At the end of July, Amazon once again cut the price on its entry-level Kindle, offering a basic Wi-Fi-only model for just $139, making it the cheapest e-reader among major brands.
Less than a week after Amazon began taking pre-orders for the devices, which will begin shipping Aug. 27, they sold out.
But 48.7% of voters said the price will surely drop further, and will bottom out at $99. Another 31.8% think it could go even lower.
Aside from this basic model, Amazon also reduced the price on its Kindle 2 to $189, and offers the Kindle DX for $379 after originally being priced for $489.
It's no surprise that investors are betting Amazon will continue to cut prices, as it faces growing competition from a slew of fresh handheld devices, as well as
iPad and a pending tablet from
Other lesser-known brands are also rolling out e-readers for under $100, which will no doubt put pressure on the Kindle.
, a subsidiary of
, plans to introduce a five-inch color e-reader for just $99 this fall. "The iPad disrupted pricing strategy for everyone in the e-reader market, and after the price wars with Barnes & Noble and Amazon, everyone's trying to differentiate themselves from a price-point perspective," Tony Antolino, senior vice president of DMC Worldwide, said in a statement. "We decided to do a revision of our hardware positioning."