Wednesday, July 21, 2010

Book lovers mourn the demise of hardcover books

Amazon.com has been selling hardcover books for 15 years, and Kindle books for the last 33 months. On Monday Amazon said that for the last three months, Kindle books have outnumbered sales of hardcover books at a ratio of 143 Kindle books for every 100 hardcover books, including books that have no Kindle edition. Kindle sales are picking up speed too, in the last four weeks sales rose to 180 Kindle books for every 100 hardcover copies. It is said that the $189 price tag is the tipping point for growth.