Amazon.com E-Reader Sales Leap: The Death Of Print

Print, which has been on the heart and lung machine for more than a decade, may finally be ready to give up the ghost. Many analysts thought newspapers and magazines would be the first to succumb to the digital age. New data from Amazon.com AMZN says otherwise. The huge e-commerce company says it now sells a larger volume of e-books than hardcovers: Over the past three months, for every 100 hardcover books Amazon.com has sold, it has sold 143 Kindle books. Over the past month, for every 100 hardcover books Amazon.com has sold, it has sold 180 Kindle books. Sales of the Kindle have accelerated as well. Amazon ascribes this to the price cut it made two months ago. It is probably not that simple. Sales of Apple Inc AAPL iPads, Barnes & Noble BKS Nooks, and Sony SNE e-readers have also increased if industry intelligence is correct. To read the rest, head over to 247WallStreet.com