Multi-Billion $ eBooks Market is Growing at 70% a Year

Vik RubenfeldFor Readers, For Writers0 Comments

via VentureBeat:

Amazon CEO Jeff Bezos largely credited the strong earnings increase to ebooks, which he said is now a multi-billion dollar category for Amazon — and growing at 70 percent annually. Physical books, in contrast, are slowing. While still growing, Bezos said the growth rate is down to 5 percent, which Bezos said is the lowest growth rate in Amazon’s 17 years of existence.

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