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Old 03-08-2011, 02:48 PM   #1
PeterT
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Kobo e-reader reveals it has 2.7 million users

http://www.thestar.com/business/arti...-million-users

Quote:
E-reader maker Kobo Inc. says it has secured new financing to help fund international expansion and that it has 2.7 million users worldwide.

The company, majority owned by Toronto's Indigo Books & Music Inc.,, now has a catalogue of 2.3 million eBooks in more than 100 countries.

It says the pace of its expansion has accelerated — taking 10 months to reach one million users and less than three months to grow to two million.

The financing was led by Fidelity Investments with secondary investments from Indigo and Cheung Kong holdings.

The company says it plans to use the cash to expand internationally with new partners, content and languages.

Indigo owns 59 per cent of Kobo, a former subsidiary that was spun off to compete against Amazon's Kindle and a multitude of other companies.

Note to readers: This is a corrected story. A previous version incorrectly reported that Kobo sold 2.3 million eBooks, but instead it has 2.3 million books in its catalogue.
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Old 03-08-2011, 03:47 PM   #2
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Great there is nothing better then a Kobo for simplicity.
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Old 03-08-2011, 04:20 PM   #3
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Gonna be 1 less if they don't get The Crippled God available on their canadian web site soon....

Its 12 days behind amazon now, and I don't mean american amazon, I mean Amazon has had it available to Canadians for 12 days now.
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Old 03-08-2011, 04:25 PM   #4
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Quote:
Originally Posted by Fayth View Post
Gonna be 1 less if they don't get The Crippled God available on their canadian web site soon....

Its 12 days behind amazon now, and I don't mean american amazon, I mean Amazon has had it available to Canadians for 12 days now.
Have you tried looking over at the B&N website? Both the Nook and Kobo run ePubs so you should be able to swap files between the two. Unless of course the file is DRM'ed
Arigato,
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Old 03-08-2011, 05:12 PM   #5
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I have a gift card for kobo, otherwise I would've just bought the Amazon one and then just stripped DRM and converted it. Kobo told me they would forward my request blah blah, but that they couldn't have any guarantees or whatever. Its stupid. If Amazon can sell it to Canadians why can't they?
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Old 03-08-2011, 05:39 PM   #6
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Quote:
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Gonna be 1 less if they don't get The Crippled God available on their canadian web site soon....

.
don't you have anything else to read while you wait?
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Old 03-08-2011, 05:41 PM   #7
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Successfully raising further investment confirms again that Kobo has momentum in this market and continues to focus on a global audience, not just a regional one. Kudos to Kobo!
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Old 03-08-2011, 06:20 PM   #8
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With the major issues with Borders an A&R here in Australia, I wonder if Kobo are fishing around for new distributors?
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Old 03-08-2011, 06:38 PM   #9
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actually- are you sure the ebook is available in Kindle format in Canada? i was trying to find out but it seems the physical book isnt even out yet in Canada...
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Old 03-08-2011, 07:19 PM   #10
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Originally Posted by Dulin's Books View Post
don't you have anything else to read while you wait?
Yes, The Wise Man's Fear, which was up on day 1. I finished that though. I have others, but I want to read the conclusion to The Malazan Book of the Fallen.

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Originally Posted by Dulin's Books View Post
actually- are you sure the ebook is available in Kindle format in Canada? i was trying to find out but it seems the physical book isnt even out yet in Canada...
100% positive. Canadians order through amazon.com but its region specific. Transworld Digital publishes the canadian ebook, a publisher called Ingram is publishing the physical in Canada and they got delayed somehow.
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Old 03-08-2011, 07:32 PM   #11
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yeah i figured how to change amazon so i could look. seems like a publishing issue when i was looking about- I thought I had seen Bantam was the publisher for Canada not Ingram?
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Old 03-08-2011, 08:49 PM   #12
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How many of the 2.7 million users are actual Kobo device owners as opposed to Kobo app users?
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Old 03-08-2011, 09:30 PM   #13
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Good for Kobo! They really do have the most customer-friendly store out of all the majors, in terms of pricing with their frequent discount coupons and whatnot, even if the actual shopping experience is sometimes marred by annoying CS issues which their people take forever to get to and seem to read their replies off a script rather than going by your question.

But nice to see that they're doing well. Probably only a small-ish percentage of that overall number is for actual Kobo device owners, but if even a 10th of the app-only users have bought even 1 e-book from the store, that's contributed to the continued profitability of Kobo's operation.
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Old 03-08-2011, 10:19 PM   #14
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Anybody else think it's noteworthy that their user base is larger than their catalogue?
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Old 03-08-2011, 10:42 PM   #15
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Quote:
Originally Posted by Dulin's Books View Post
yeah i figured how to change amazon so i could look. seems like a publishing issue when i was looking about- I thought I had seen Bantam was the publisher for Canada not Ingram?
Dunno. Called Tor about it mid February, they told me to call Ingram. Ingram said they are only publishing the physical books.
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