Amazon has announced that it has been selling the Kindle Fire at a rate of 1 million units a week. Before Amazon's announcement, tech industry analysts had projected the company would sell up to 5 million Kindle Fire units before the end of the year. The Kindle is now expected to exceed those expectations. Amazon had recently been criticized following reports that the device had various technical deficiencies. Amazon has released a statement stating that it would release a software update for the device in the next two weeks.

Amazon's Kindle hit an important and startling milestone yesterday: On Christmas, the company sold more Kindle books than physical books. The Kindle Store now includes over 390,000 books. Kindle has also become the most gifted item in Amazon's history. The more Kindle books Amazon sells, the more leverage it will have over publishers when it tries to force them to cut wholesale prices.