Domain name investment company XF.com Investments has put one of the most valuable single-word domains up for sale today: Tablets.com. The company says it feels like now is the perfect time to release the domain for sale, with the tablet industry projected to be a $70 billion market by 2014, according to the analysts at RBC.
Aron Meystedt, founder of XF.com Investments, said he doesn’t have an asking price but he’s already turned down a couple $1 million offers for it. He said he “paid really good money” more than a year ago for the decade-old name from another investor. Meystedt has decided to sell it now as the market for tablet computers, with the exploding popularity of Apple’s iPad and Amazon’s Kindle, continues to heat up.
“We are going to let the market determine the final sales price,” says XF’s Aron Meystedt. “We feel the size and growth of this industry will drive the final sales price of Tablets.com up, however, we haven’t set a target price yet,” he added. “Once a bid comes across that we feel is fair for this opportunity, we will accept it and move forward.”
The company also noted that recent sales for other single word domain names like toys.com, clothes.com and sex.com have traded for 7 and 8 figure sums. And Citrix’s iCloud.com, which it acquired as a part of the $200 million purchase of Cloud.com earlier this year, was assigned a value of $18 million.
Although not a household name, XF.com Investments is known for owning the first .com on the Internet: Symbolics.com. The company wasn’t the original owner of the domain, however – it bought it in August 2009 for an undisclosed sum. Originally, the domain belonged to defunct Massachusetts-based computer manufacturer Symbolics, which first registered it on March 15th, 1985.
Earlier this year, Meystedt sold SZ.com to a Chinese investor who then resold it for a profit. There are only 676 two-letter domain names so they are in demand, Meystedt said.
At present, the Tablets.com website is hosting a rolling odometer that’s meant to demonstrate how fast the tablets market is growing and is fast approaching $38 Billion.
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