On the heels of Amazon announcing yet another record period on Friday, with the company’s first $10 billion quarter, sales up 36%, and offering a characteristically tricky little metric for Kindle books surpassing paperbacks as the bestselling individual item on Amazon (there is no mention of how hardcovers or other analog book formats fit in here), there was more bad news from Borders on Sunday as they announced that they won’t be paying their January bills or rent and analysts are speculating that the company could file for bankruptcy as early as next week.
Tag Archives: amazon
There’s a longish piece in NY Mag about the battle between Ron Burkle and Len Riggio over control of Barnes & Noble.
Amazon is misquoted/taken out of context in the artice, it says that Amazon claimed to sell more eBooks than physical editions, they actually reported selling 180 eBooks to every 100 hardcovers in the months of April-June (paperbacks were not included). We posted that announcement here.
Amazon announced today, in characteristic if the eBook train departed from St. Louis at 9:45, travelling at an average speed of 62.5 MPH fashion, that they sold more eBooks than physical hardcovers over the past 3 months.
Jeff Bezos also said, Kindle sales have not suffered dramatically amid increased competition from the iPad and price reductions of other devices, but that Kindle has “reached a tipping point.”
Painting, Lumberjack, by Mike Force, 2003
Amazon sues the state of North Carolina over demand for customer records. Amazon wants to protect your privacy and just maybe give you a better deal than brick & mortars that have to charge sales tax. Read more at PW.