Amazon: e-books gaining market share

Amazon.com Inc. said it reached a milestone, selling more e-books than hardbacks over the past three months.

But publishers said it is still too early to gauge for the entire industry whether the growth of e-books is cannibalizing sales of paperback books, a huge and crucial market, the Wall Street Journal reports.

Amazon painted a picture of accelerating growth in sales of e-books, which can be read on Amazon’s own Kindle and through software on a host of other devices, including Apple’s iPad and iPhone. The figures don’t include free e-books.

Will the upcoming presidential transition impact your decision to retire? Take our online survey.

These stories are part of our daily Dorobek Must Reads. Check out the full list of stories.

Advertisement

Media Galleries