Refining the 100:48 state per
Jeff Bezos:
Quote:
Of all the books that Amazon sells, what percentage are digital books?
For every 100 copies of a physical book we sell, where we have the Kindle edition, we will sell 48 copies of the Kindle edition. It won’t be too long before we’re selling more electronic books than we are physical books. It’s astonishing.
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So the stat is per book title where pbook and Kindle book exist.
Edit: More.
Quote:
Is it true that you add digital books to your holdings on the basis of their popularity and their sales rank in paper form?
Yes, that’s basically true. We also have a self-service platform where small publishers or even self-published authors can put their books on themselves.
How does that work?
Basically you submit the book, you set the price for it, we charge the customer and then we give you 35 percent of the revenue.
And Amazon keeps 65 percent? That sounds like a lot.
Does it? You’re an author, what does your royalty check look like? Are your royalties 35 percent?
No. Let’s not have that conversation.
O.K., I think we’re done.
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