Amazon sells more digital books than paperbacks
US-based online retailer reveals that it is now selling more digital ebooks than paperbacks and three times as many ebooks than hardcover books
Digital book sales have overtaken sales of standard paperbacks on Amazon.com according to website ‘theinquirer'.
In a report of its latest earnings the online retailer said that it is selling more Kindle ebooks than paperback books. Since the start of this year Amazon said that for every 100 paperback books sold, it sold 115 Kindle ebooks. The company also stated that in the same time period it sold three times as many digital books as hardcovers.
Amazon says the data was gathered from ‘across Amazon.com's entire U.S. book business and includes sales of books where there is no Kindle edition'.
News from the grapevine claims that Amazon sold more than eight million Kindles in 2010. The Kindle Store presently holds 810,000 paid-for ebooks and millions of free, out-of-copyright, books that can also be downloaded.
Amazon.com is the largest online retailer in the United States, the company has its headquarters in Seattle, Washington. The company was originally founded in 1994 and launched online in 1995.