image thumb40 Amazon selling Kindle 2 for $299. Is Anyone waiting for a further cut in price

Looks like Amazon feels that it should be a bit humble as it cuts Kindle 2 price from $359 to $299. We aren’t sure why Amazon is slashing that price (not that we aren’t glad it did)? Amazon had been generating quite a lot from the sales of the device with earnings closing in on a $100 Million, meaning that people didn’t mind paying the amount for the device. The Kindle DX is still priced at $489 and we would really want a cut in the DX’s price. As for who paid $359 for Kindle 2 a couple days back we can only sympathize with them.