Amazon cuts price of refurbished Kindles, so don't buy one. Huh?

According to the blogosphere, if you're in the market for an Amazon Kindle you should put that purchase on hold for now. Not because there's anything wrong with the Kindle but because signs are pointing to a new model coming out real soon now. You don't want your shiny new e-reader to be obsolete in 3 weeks, do you? Who wants to read books on old-tech!!? (That's sarcasm, by the way.) Speculation on new models launching imminently is based on the fact that refurbished Kindle 3 Wifi units have dropped in price to $99.99. New Kindle 3 Wifi's are still $139 (or $114 with ads). Likewise the cost of a refurbed Kindle 3 3G has dropped to $129.99. According to Kindle blog Beyond Black Friday, the last time the cost of refurbished units dropped was just before Amazon rolled out the Kindle 3. No wait, let's follow the link trail back further. That info actually comes from a random forum poster who said: Probably. I got a refurbed K2 for $109 last summer and the K3 was announced a month or so after that. That was in response to someone speculating that Amazon was clearing refurb inventory in anticipation of a new product launch.

[a href="http://www.itworld.com/mobile-wireless/178013/e-reader-use-doubles-6-months-tablet-growth-slower">E-reader use doubles in 6 months, tablet growth slower and E-reader roundup: 8 devices compete for the crown]

I love that so many blogs are building posts based on an offhand comment by someone named mooshie78. I'm also not sure this is enough data to base speculation on. Maybe Amazon cut the price because someone told them the $10 discount they used to give on refurbished models was kind of a bum deal. Still I don't think waiting is a bad idea given all the stories about Amazon's new Android tablet that's coming soon, and the fact that Barnes & Noble launched the Nook Touch and it seems to be resonating well with consumers. We keep hearing crazy rumors about speculated sales for the (technically still rumored) Amazon Android tablet: I've heard as high as 3 million units by October! Assuming you give these numbers any credibility at all, you have to assume they'll be on sale very soon. Of course that doesn't mean a new Kindle will launch with them, but it would behoove Amazon to get a touch-based E-ink device on the market sooner rather than later. If you really want the latest and greatest, I'd at least wait until September to make your purchase. On the other hand, $99.99 is a great price for a Kindle 3, and there's nothing at all wrong with the hardware. We've got two Kindle 3s in our household and both are dearly loved by their owners. If you'd rather have a great deal now than wait to pay full price for an anticipated new version, you can find refurbished Kindle 3s in the Amazon Warehouse section. Read more of Peter Smith's TechnoFile blog and follow the latest IT news at ITworld. Follow Peter on Twitter at @pasmith. For the latest IT news, analysis and how-tos, follow ITworld on Twitter and Facebook.

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