May 20, 2011

Amazon E-book Sales Exceed Those Of Print Books

Online retailer Amazon.com said on Thursday that it now sells more digital e-books than paper books, and that its latest, lower-priced Kindle e-reader is outselling other versions of the device.

Amazon does not disclose exact sales figures for the Kindle or e-books, but said that it has sold 105 e-books for every 100 print books since April 1.

"Customers are now choosing Kindle books more often than print books," said Amazon founder and CEO Jeff Bezos in a statement.

"We had high hopes that this would happen eventually, but we never imagined it would happen this quickly."

"We've been selling print books for 15 years and Kindle books for less than four years."

The company said it has sold more than three times as many Kindle books this year than it did during the same period last year.

Seattle, WA-based Amazon began selling print books in 1995, and introduced the Kindle in November 2007.  The U.S. Kindle store offers nearly one million books, including 109 of the 111 New York Times best sellers.

Its latest version of the Kindle was launched five weeks ago.

Rival Barnes & Noble is set to hold a press event on Tuesday in New York to unveil its latest e-reader.   


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