Thread: Kobo Grows Customer Base by 2.5M in Q1
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Old 05-31-2013, 07:57 AM   #1
RZetlin
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Join Date: Mar 2013
Location: Canada
Device: Kobo Aura One, Kobo Glo, Kobo Aura HD (RIP)
Kobo Grows Customer Base by 2.5M in Q1
Quote:
Toronto-based Kobo Inc. grows customer base by 2.5M in Q1

TORONTO -- Kobo Inc. says its e-reader customer base grew by 2.5 million in the first quarter despite weak predictions for the digital book industry.

The Toronto-based, Japanese-owned e-reader company says it now has 14.5 million registered users, with 15 per cent of its new users coming from the United States.

Kobo's customers were also reading 34 per cent more in the first quarter compared with the same time period last year.

Sales of the new Kobo Aura HD accounted for more than one in four eReaders sold at retail stores and sales of Kobo Writing Life self-publishing titles made up 10 per cent of revenue.

Read more: http://www.ctvnews.ca/sci-tech/toron...#ixzz2Us2UdCQd
It looks like the Aura is a run away success helping the company to grow.
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