Amazon claims a first as eBooks outsell paperbacks
By Stewart Mitchell
Posted on 28 Jan 2011 at 10:13
Amazon is claiming a breakthrough success for its Kindle, after announcing that eBooks had overtaken paperback sales on its US site.
Since the beginning of the year “for every 100 paperback books Amazon has sold, the company has sold 115 Kindle books”, the company said.
The news came as the company announced its fourth quarter results for 2010, with net sales increasing 36% to $13 billion.
"We achieved two big milestones," said Jeff Bezos, founder and CEO of Amazon.com. "We had our first $10 billion quarter, and after selling millions of third-generation Kindles with the new Pearl E Ink display during the quarter, Kindle books have now overtaken paperback books as the most popular format on Amazon.com."
“Last July we announced that Kindle books had passed hardcovers and predicted that Kindle would surpass paperbacks in the second quarter of this year, so this milestone has come even sooner than we expected - and it's on top of continued growth in paperback sales," he added.
Whether or not this marks a tipping point for the publishing industry, however, remains to be seen.
The company says it sold millions of it Kindle eReaders in the run up to Christmas, which may have led to a surge in eBook sales as new owners stocked up their virtual shelves.
From around the web
Really sold?
Almost all the eBooks I downloaded to my Kindle apps on various devices are free eBooks. So what I would like to know is what percentage of eBooks downloaded are paid for? However, it is true that I have more or less decided to stop buying paper versions in favour of digital ones. Cheaper, more portable and arguably, more eco-friendly.
By mnj_lim on 28 Jan 2011 ![]()
Sold
According to Amazon, the figures don't include free books, only ones that customers have paid for.
By SMitchell on 28 Jan 2011 ![]()
I have paper/hardback versions of books over 22 years old.
How likely is it an eBook bought today will still be readable in 22 years? Pretty slim I suspect.
So for unimportant books I plan to never read again eBooks are definately better but for keepers I'd prefer a paper copy
By cyberindie on 28 Jan 2011 ![]()
22 years
I don't know about 22 years but I have eBooks in the .mobi format that I bought 8-9 years ago to read on a SonyEricsson P800i. I've probably changed devices 5 or 6 times since then and have changed mobile OS twice but can still happily read those eBooks on my current Android device and they would work on a Kindle (if I had one).
MP3 players have already been around well over a decade and MP3s still work. CDs are nearly 30 years old. Digital formats seem to hang around longer than most people give them credit. The public don't actually like change all that much.
By Bassey1976 on 28 Jan 2011 ![]()
I got a Kindle for Christmas and it is great. And it is definitely very convenient to have lots of books in one shell.
BUT, there is a big downside: I can't lend my books to my brother (without giving him the Kindle). Whereas if I buy a paperback I can give it to him to read and read something else in the meantime.
So I will not be totally switching to digital; I'll be a mix of both.
By longn on 28 Jan 2011 ![]()
Re: lending
That is only a temporary problem. Amazon have already announced a lending system for the US Kindle. You will be able to lend any Kindle book to another Kindle account for two weeks. The book will appear in the other account and they will be able to use it as if it were theirs. After two weeks it will remove itself from their account and appear back in yours. You may, of course, choose to lend it for another two weeks if they haven't finished reading it yet.
I'm not sure when this will launch in the UK. See here for details;
http://www.amazon.com/gp/help/customer/display.htm
l?nodeId=200549320
By Bassey1976 on 28 Jan 2011 ![]()
Re: lending
@Bassey1976
Amazon says "can be loaned ONCE for a period of 14 days" (my emphasis), that could leave things very tight if someone wants to borrow a handful of books for a holiday. They could easily run out of time to finish them.
Until they sort out this DRM problem I won't buy one. Don't want to buy two copies of a book if my wife and I both want to read a book
By PeteMelbourne on 28 Jan 2011 ![]()
@PeteMelbourne
If it is just you and your wife register two kindles to one account.
By Shuflie on 28 Jan 2011 ![]()
Is it cheaper than paper?
On the radio Friday morning (28 Jan) it was stated that some ebooks are more expensive than their paper equivalents! Probably due to VAT I suppose, since the materials is negligible. The price of progress....
By BornOnTheCusp on 28 Jan 2011 ![]()
@PeteMelbourne
How is that different from a physical paper book? You own own one license so, of course, you can only loan it out the once during that 14 days. However, once that 14-days is up you can loan it out again, and again, and... You get the idea.
By Bassey1976 on 31 Jan 2011 ![]()
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