The now low-priced Amazon Kindle has been selling a lot lately. Amazon said in a press released that the mobile reading device and its books are outselling hard copies of books since May.
Here’s what Amazon said:
“We’ve reached a tipping point with the new price of Kindle–the growth rate of Kindle device unit sales has tripled since we lowered the price from $259 to $189,” said Jeff Bezos, Founder and CEO of Amazon.com. “In addition, even while our hardcover sales continue to grow, the Kindle format has now overtaken the hardcover format. Amazon.com customers now purchase more Kindle books than hardcover books–astonishing when you consider that we’ve been selling hardcover books for 15 years, and Kindle books for 33 months.”
Because of competitors like the Apple iPad, Nook, and Sony e-reader, Amazon has to slash the price of the Kindle. It was a good step because the e-book reader has sold more.
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