Full news story on Amazon: Ebooks soaring, print slowing; net loss $39m.
Amazon: Ebooks soaring, print slowing; net loss $39m
Jan 30 2013
In a statement accompanying its fourth quarter and full year results for 2012, Amazon founder Jeff Bezos summed up where he sees the future of book retailing heading - especially for his company. "We're now seeing the transition we've been expecting," said Bezos. "After 5 years, eBooks is a multi-billion dollar category for us and growing fast - up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%."
For the full year, net sales increased 27% to $61.09 billion, and Amazon reported a net loss of $39 million compared with net income of $631 million in 2011.
A very large book - in number of pages and in content - and every page worth reading. Thoroughly enjoyed this one and her first book on the...
read more
Two Lives is a memoir written by international best-selling author, Vikram Seth. In this interesting and engaging book, Seth writes about his great...
read more
Z, the novel about the life of Zelda Sayre Fitzgerald is at points charming and; like another reviewer, I kept thinking of the movie, "Midnight...
read more
Judge rules unused Borders gift cards to be worthless(May 23 2013) Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal...
Full Story
