Money Matters - Simplified

Kindle e-books' sales surpass paper books' at Amazon

Amazon has also not disclosed the sales figures of its books but said that the sales have witnessed a threefold increase in the first quarter as compared to the same period last year.

Amazon.com is selling more e-books than the printed books since April 1, the company announced Thursday.

Amazon stated that it is selling more 105 Kindle e-books for every 100 paper books sold by it. Amazon said it has not taken into account the free Kindle e-books.

Amazon elated
Jeff Bezos, Amazon CEO said in a statement on May 19, that they were expecting it to happen. “We had high hopes that this would happen eventually, but we never imagined it would happen this quickly.”

Amazon has been selling paper books for the last 15 years. It ventured into the e-books business 4 years earlier informed Bezos.

E-books are increasingly gaining popularity among readers and the trend is being closely watched by the libraries across the United States.

Though the company has never released the sales figures for Kindle, Bezos claims that it the best selling e-reader.

Amazon has also not disclosed the sales figures of its books but said that the sales have witnessed a threefold increase in the first quarter as compared to the same period last year.

E-books becoming popular
E-books are increasingly gaining popularity among readers and the trend is being closely watched by the libraries across the United States.

Many libraries have been offering e-book for borrowing if the users download special software on their computers or e-book readers.

Deborah Ervin, head of reference at Framingham Public Library, a midsized library situated in a suburb of Boston, stated, “I’m certainly not opposed to [e-readers]. They are something people like and enjoy.”

“This is the latest and greatest technology, although many don’t embrace it for one reason or another and might prefer holding an actual book, or feel e-readers are too complicated,” Ervin said.

She added, “Some people buck modern trends and would use a rotary phone if they could. Still, a lot of people use e-books almost exclusively.”

Ervin said that she along with other libraries hope that Kindle would soon allow its users to borrow other than Kindle books from the libraries. At present Kindle books can be borrowed from the 11,000 libraries spread across the United States.