07
Oct

48% of Books sold on Amazon are electronic Books (eBooks)

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Amazon.com Inc is introducing Kindle, its wireless electronic reader, for over 100 countries globally. Chief Executive Jeff Bezos said that for every 100 customers who buy a book, some 48 buy it as an e-book — up from 35 five months ago.

Although Amazon does not release sales or profit figures for the Kindle, analysts believe it commands No. 1 market share in a growing market fueled by more online activity and a lingering slump in publishing and retail bookselling. The devices have proven popular with readers and travelers who like the convenience of downloads and avoiding heavy books, but high prices have kept many potential users at bay.

Amazon has an agreement with AT&T wireless for the international version, under which the carrier handles global network relationships, Bezos said. The new device is designed to work with the globally popular 3G GSM standard. The wireless coverage includes a wide array of countries, including China and Indonesia, for example, so the device will work in those countries although units won’t be shipped there.

Although Amazon does not release sales or profit figures for the Kindle, analysts believe it commands No. 1 market share in a growing market fueled by more online activity and a lingering slump in publishing and retail bookselling. The devices have proven popular with readers and travelers who like the convenience of downloads and avoiding heavy books, but high prices have kept many potential users at bay.

Via Reuters

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