It’s official: electronic Kindle books are now outselling paperbacks on Amazon, marking a major milestone in the publishing industry.
The news was revealed in Amazon’s fourth quarter earnings report, and comes just six months after the company announced that e-books were outselling hardcovers.
In a statement, CEO Jeff Bezos said, “Last July we announced that Kindle books had passed hardcovers and predicted that Kindle would surpass paperbacks in the second quarter of this year, so this milestone has come even sooner than we expected – and it’s on top of continued growth in paperback sales.”