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Originally Posted by =X=
The real nugget of the story is that eBooks are coming of age.
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No, it's much more than "ebooks are coming of age". That's the story the American Booksellers Association tells when it talks about growth rates of ebooks generally.
Amazon's achievement is impressive, whichever way you swing the cat. It is Kindle books, the so called “closed” standard vs every other vendor, many with a supposed “open” standard of DRM ePub. Yet best selling author James Patterson has sold 867,881 Kindle books and just 272,119 in ALL other formats combined.
And the Kindle book share is growing. Compared to both May sales and year-to-date sales ending May, Kindle grew faster than the market — this in spite of the onslaught of Nooks, iPads and Kobos which, even combined, lost ground.
Amazon also noted its sales of Kindle books exceeded hardcover books very significantly, in a trend that is growing the gap. Importantly, Amazon’s calculation excludes free books.
Amazon is setting the stage: it reports Q2 2010 earnings / performance results on Thu July 22.