The Amazon press conference is going on now.
So far we have seen:
Amazon New $
$79 E-Ink Kindle
$99 Kindle Touch
$199, 7-Inch Tablet

Kindle Fire, Full Color 7″ Multi-touch Display, Wi-Fi
Ships in Certified Frustration-Free Packaging

Confirms Kindle Fire is $199. “Kindle for movie, web, games, and reading.”

The Products to Come Out of Today’s Amazon Event:
$80 E-Ink Kindle
$99 Kindle Touch Without 3G
$149 Kindle Touch With 3G
$199 Kindle Fire
Amazon Silk Web Browser

10:53 – Ships November 15, pre-order today.

How will Apple respond next week on Oct 4, 2011, when we will get a glimpse of the iPhone 5 and 4gs models.

Will we see a new iPad? Probably not, but do expect Apple to release an iPad 3, in the coming months, most likely in January.

Amazon is making huge waves with this announcement, perfect timing as the holiday season approaches and the tablet market is maturing.
Amazon CEO Jeff Bezos on Kindle as a service, four years ago “Amazon had 90,000 books. Today we’re over a million” this is an amazing stat that compares to what has happened in other formats of media, music and movies, the digitization of content accelerates. What is important to note is how do the publishers and copyright owners fare under the new distribution models?

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This is the text from the home page of the Amazon.com website:
Dear Customer,

There are two types of companies: those that work hard to charge customers more, and those that work hard to charge customers less. Both approaches can work. We are firmly in the second camp.

We are excited to announce four new products: the all-new Kindle for only $79, two new touch Kindles – Kindle Touch and Kindle Touch 3G – for $99 and $149, and a new class of Kindle – Kindle Fire – a beautiful full color Kindle for movies, TV shows, music, books, magazines, apps, games, web browsing and more, for only $199.

These are high-end products – the best Kindles we’ve ever made. Kindle and Kindle Touch have the most-advanced E Ink display technology available, and the 3G Kindle Touch adds free 3G wireless – no monthly fees and no annual contracts. Kindle Fire brings everything we’ve been working on at Amazon for 15 years together into a single, fully-integrated experience for customers – instant access to Amazon’s massive selection of digital content, a vibrant color IPS touchscreen with extra-wide viewing angle, a 14.6 ounce design that’s easy to hold with one hand, a state-of-the-art dual core processor, free storage in the Amazon Cloud, and an ultra-fast mobile browser – Amazon Silk – available exclusively on Kindle Fire.

We are building premium products and offering them at non-premium prices.

Thank you for being a customer,

Jeff Bezos
Founder & CEO

p.s. – Kindle Fire has a radical new web browser called Amazon Silk. When you use Silk – without thinking about it or doing anything explicit – you’re calling on the raw computational horsepower of Amazon EC2 to accelerate your web browsing. If you’re curious, watch this short video to learn more about how it works.