In June Amazon dropped the price on Kindle 2 by $60.00 only 4 month after it was originally released. Today, 4 month later, Kindle 2 price dropped by another $40.00. You can now purchase brand new K2 for $259.00. So in eight months since the release the price went down $100.00 or nearly 28%
It looks like competition from Sony, Google, Plastic Logic and other players is forcing Amazon to cut prices to stay competitive. In a recent interview Jeff Bezos claimed that Amazon can now cut the price because larger production and sales volume resulted in cost reduction and they are passing some of the savings to the customers.
In case you’ve purchased your Kindle for $299.00 within the last month you can call Amazon Kindle support and ask for a $40.00 refund to match the price drop. Several users have confirmed that Amazon easily gives these out and sometimes they are flexible and will give you a refund even if you have had your device for slightly more than a month.