Sunday, February 5, 2012

Ebooks Outsold Hardbacks on Amazon

It was going to happen sooner or later. The power of the ebook rages forward with new authors jumping on the bandwagon every day. Writing and publishing ebooks is an extremely easy process when compared to conventional book publishing and anyone can join in as a part time or full time income.


This ebooks overtaking hardbacks announcement will provoke horror among those who can think of nothing better than spending an afternoon rummaging around a musty old bookshop. In what could be a watershed for the publishing industry, Amazon said sales of digital books have outstripped US sales of hardbacks on its website for the first time.


Amazon claims to have sold 143 digital books for its e-reader, the Kindle, for every 100 hardback books over the past three months. The pace of change is also accelerating. Amazon said that in the most recent four weeks, the rate reached 180 ebooks for every 100 hardbacks sold. Jeff Bezos, founder of Amazon, said sales of the Kindle and ebooks had reached a “tipping point”, with five authors including Steig Larsson, the writer of Girl with a Dragon Tattoo, and Stephenie Meyer, who penned the Twilight series, each selling more than 500,000 digital books. Earlier this month, Hachette said that James Patterson had sold 1.1m ebooks to date.


Neill Denny, editor-in-chief of the Bookseller, said the figures from Amazon were “eye-catching”, but added a note of scepticism. He said that while ebooks had outnumbered hardbacks in volume, they were likely to be some distance behind in value. Some of the bestsellers listed on the Kindle top 10 list today were retailing for as little as $1.16 (75p). Free downloads of books no longer in copyright were excluded from the figures.  Original article here.


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