Online’s biggest retailer, Amazon.com, has announced that they now sell more digital books than paperback books. Digital sales of books have already outpaced hardcover books, but now that includes paperbacks – which are more popular because of their lower price.
It’s still an important moment in the shifting of print to digital.
Experts predict that by 2014 more than 1/2 of all books will be digital versions.
Amazon sold more than 8 million Kindles in 2010, making the online giant the leading manufacturer of digital readers. The introduction of the Nook by Barnes & Noble in 2009 and the iPad in 2010 have helped spur interest in e-readers, but it is the Kindle that is leading the charge.
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.