SMRs and AMRs

Friday, May 20, 2011

E-Books Outsell Print Books at Amazon

By CLAIRE CAIN MILLER and JULIE BOSMAN
NYT

In the latest chapter in the unfolding tale of the book evolution from ink to pixels, Amazon.com said Thursday that its customers now buy more e-books than print books.

Since April 1, Amazon sold 105 books for its Kindle e-reader for every 100 hardcover and paperback books, including books without Kindle versions and excluding free e-books.

“We had high hopes that this would happen eventually, but we never imagined it would happen this quickly,” said Jeff Bezos, Amazon’s chief executive, in a statement. “We’ve been selling print books for 15 years and Kindle books for less than four years.”

But people should not exile their bookshelves to storage quite yet, many analysts warned. Over all, e-books account for only about 14 percent of all general consumer fiction and nonfiction books sold, according to Forrester Research.

(More here.)

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