Saturday, May 21, 2011

E-BOOK SALES SURPASS PRINTED BOOKS



 Amazon.com Inc, said that after less than four years of selling electronic books, it's now selling more of them than printed books.

The online retailer said, that from April 1st, more than 105 e-books were sold for every 100 printed books including printed books for which there is no electronic edition. The comparison exclude free e-books, which would increase the scale further if they were included.

Printed books include both hardcover and paperback books. In July, Amazon said, that e-books sales had outstripped hardcover sales. It is now selling three times as many e-books as it did a year a ago.

Analyst estimates that Amazon accounts for about two-third of U.S e-books sales.

Amazon also said that it's latest and cheapest version of Kindle e-book reading device is the best seller of the line, five weeks after it was introduced. The Kindle with special offer costs $114, and shows ads in stand-by mode.

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