KINDLE REACHES THE TIPPING POINT

For the first time ever, more Kindle books have been sold than hardcover copies. Amazon says it’s because the sale of Kindle devices tripled after they lowered the price to $189 from $259. Since last year, the sale of Kindle books also tripled.

If Amazon were to count  its free books, the sales figures would be even higher.

  • Over the past month, for every 100 hardcover books Amazon.com has sold, it has sold 180 Kindle books.
  • The Association of American Publishers’ latest data reports that e-book sales grew 163 percent in the month of May and 207 percent year-to-date through May.  
  • On July 6, Hachette Publishing announced that best-selling novelist James Patterson had sold 1.14 million e-books to date.  Of those, 867,881 were Kindle books.
  • Five authors—Charlaine Harris, Stieg Larsson, Stephenie Meyer, James Patterson, and Nora Roberts—have each sold more than 500,000 Kindle books.

The Kindle Store has more than 630,000 books, including New Releases and 106 of 110 New York Times Best Sellers.  Over 1.8 million free, pre-1923 books are also available on the Kindle.

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