Thursday, May 19, 2011

Ebooks Now Outselling Print Books On Amazon

Hot off the wire...

  • Since April 1, for every 100 print books Amazon.com has sold, it has sold 105 Kindle books. This includes sales of hardcover and paperback books by Amazon where there is no Kindle edition. Free Kindle books are excluded and if included would make the number even higher.
  • So far in 2011, the tremendous growth of Kindle book sales, combined with the continued growth in Amazon's print book sales, have resulted in the fastest year-over-year growth rate for Amazon's U.S. books business, in both units and dollars, in over 10 years. This includes books in all formats, print and digital. Free books are excluded in the calculation of growth rates.
  • In the five weeks since its introduction, Kindle with Special Offers for only $114 is already the bestselling member of the Kindle family in the U.S.
  • Amazon sold more than 3x as many Kindle books so far in 2011 as it did during the same period in 2010.
  • Less than one year after introducing the UK Kindle Store, Amazon.co.uk is now selling more Kindle books than hardcover books, even as hardcover sales continue to grow. Since April 1, Amazon.co.uk customers are purchasing Kindle books over hardcover books at a rate of more than 2 to 1.

What does this mean? 

Even excluding freebies, print is now being outsold by its electronic counterpart at the largest bookseller in the world. This is the biggest development in the literary world since the invention of the movable type printing press. Gutenberg democratized book ownership. E-ink has democratized book distribution. It's an exciting time to be a writer. It's an exciting time to be a reader. This year is the inflection point scholars will be pointing to in a thousand years.

Nough said.

B.

2 comments:

Anonymous said...

aka if you are waiting for Zero Sight to be published in print... just go buy a kindle.

B. Justin Shier said...

hehe. Na, I love print books, and I'll be releasing Zero Sight in print over the summer. But it will be much more expensive in that format. Why not invest the difference in an e-reader instead...

: )