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Amazon Lowers Price of Kindle 2

The company revealed mid-week that its second iteration of the Kindle would see a significant price cut, bringing the total cost of the device down from $359 to $299. The company Wednesday added the price change to an ad for the device on the Amazon homepage. According to Reuters, customers who have had Kindles shipped within the past 30 days will receive a $60 credit on the price difference.

Amazon introduced the second generation Kindle back in February as a follow up from the company’s hugely successful Kindle ebook reader. The Kindle 2 offers customers a slimmer design, longer battery life, faster page turns, over seven times more storage, sharper images, and a slightly controversial read-to-me feature.

Soon after the launch of the device, publishing houses aired their grievances about the text-to-speech feature, claiming it would cannibalize sales of audiobooks. Amazon remedied the issue by making text-to-speech an optional feature that publishers could choose to omit for certain titles.

Anyone out there going to pick up a Kindle now that Amazon have lopped sixty bucks off the price? Let us know!