Ahead of Amazon's (AMZN) July 23 Q2 report, Cowen is cutting its estimates due to a weak euro...

|By:, SA News Editor

Ahead of Amazon's (AMZN) July 23 Q2 report, Cowen is cutting its estimates due to a weak euro and soft Kindle sales. The firm now expects revenue of $61.1B in 2012 and $75.6B in 2013, down from a prior $62.4B and $78.1B. 2012 Kindle Fire sales are now expected to total 12M, and e-ink Kindle sales 16.3M. IDC has forecast e-reader shipments will drop this year due to tablet competition, and the Fire has its hands full competing with the Nexus 7 and likely soon an iPad Mini. (Pac Crest)