Wednesday, December 30, 2009

The Book Tipping Point

TW: This is one of those stories that make me feel old. I yearn for the look and feel of an actual book in my hands. Yet I know such sentiments will increasingly date me as an archaic relic...tis always been so. I do not rue it, in fact on this one I embrace it.

From Reuters:
"Amazon shares rose on Monday after it posted strong growth in holiday season orders and said its customers bought more e-books than physical books for the first time ever on Christmas Day, thanks to its hot-selling Kindle electronic book reader.

The U.S.-based Internet retailer said over the weekend its Kindle reader had become the most-purchased gift in the company's history.

...With electronic readers one of the hottest selling items over the holidays this year, the Kindle also gained ground as both Barnes & Noble and Sony were unable to keep up with demand. The two companies both sold out of their stock of readers more than a month before Christmas.

The Kindle Store now includes more than 390,000 books, Amazon said. The company also provided details on its holiday season sales, saying that Dec. 14 was its peak shopping day with more than 9.5 million items ordered worldwide.

On the peak day of the season, Amazon said it shipped more than 7 million units..."
http://www.reuters.com/article/idUSN2816898520091228

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