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E-books overtake paperback sales on Amazon.com

Hippies rejoice!

Last year, for every 100 paperback books sold on Amazon.com, the company sold 115 e-books, according to Amazon’s Q4 earnings report. What’s more, Amazon saw three times as many sales of e-books than of hardcovers during the same period.

“This is across Amazon.com’s entire U.S. book business and includes sales of books where there is no Kindle edition,” said Amazon. “Free Kindle books are excluded and if included would make the numbers even higher.”

Amazon hasn’t specified exactly how many of its latest Kindle devices it sold last year, but analysts are estimating about 7 million.

“The Company sold millions of third-generation Kindle devices with the new advanced paper-like Pearl e-ink display in the fourth quarter,” says Amazon, “and the third-generation Kindle eclipsed ‘Harry Potter and the Deathly Hallows’ as the bestselling product in Amazon’s history.”

It wasn’t many years ago that people scoffed at the idea of e-books overtaking paperbacks in sales and popularity, but that day has come.

Let us know which of the two you prefer – e-readers or paper books – in the comments section.

[Business Insider via Amazon]

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  • ethesianx

    I’m mildly surprised e-books purchases overtook paper book purchases this quickly, otherwise this is no shock at all. I am now completely paper book free myself, and don’t regret it at all. The only downside is that there are still a few titles I cannot get in e-book format, although I am sure that will change in the next few years. The Kindle seems to be the best e-reader out there, although I am looking forward to the day when e-books are as think and lightweight as newspaper (I hope to see that in my lifetime). I love e-books and would never go back. Besides, the less paper used the more trees are saved!