Amazon Now Sells More E-Books Than Print Books
The death of the print book continues apace:
As further proof of how digital media dominate today’s entertainment, Amazon announced Thursday that its customers now buy more e-books for its Kindle device than all print books — hardcover and paperback — combined.
Given that people seem to spend more and more of their time peering at glowing electronic screens, this was probably bound to happen.
Still, the swiftness of this sea change — three-and-a-half years after the Kindle hit the market — appeared to catch even Amazon by surprise.
“Customers are now choosing Kindle books more often than print books. 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,” said Jeff Bezos, Amazon’s CEO, in a statement.
Amazon introduced the Kindle e-reader in November 2007. By July 2010, Kindle book sales had surpassed hardcover book sales, and six months later, Kindle books overtook paperback books to become the most popular format on Amazon.com, the online retailer said.
Outside Amazon, it’s a slightly different story but electronic books remain a bright spot in an otherwise gloomy market:
Of course, these stats only represent sales of books on Amazon.com, the only place consumers can buy e-books for the Kindle. When sales of books from other websites and brick-and-mortar stores are factored in, e-books still represent a small minority of all titles purchased, although some analysts predict they could reach 20% within a year or two.
The growth of electronic books has been a bright spot in an otherwise struggling publishing industry. Sales revenue from e-books were up 145.7% in March of this year compared with March 2010, according to the Association of American Publishers. At the same time, adult hardcover sales increased 6%, while mass market books — less-expensive paperbacks — grew by 1.2%.
Personally, I wasn’t sure how eager people would be to read books off a screen rather than holding them in their hand. The key seems to be that Amazon created a device that is both easy to use and easy to transport, and now it seems that Kindles are as ubiquitous at my local Starbucks or Panera as laptops and smartphones are. At this point, I can only assume that the format will continue to grow.
Photo via CNN