Are EBooks Finally Outselling Printed Books
Are eBooks Finally Outselling Printed Books? Every once in a while, there’s a moment that reminds us of just how rich Amazon is. Thursday afternoon, they announced that they’d earned $200 million more in 2010 than they had in the previous year. In fact, it was the first year that Amazon’s sales were more than $10 billion for a single three-month period. Amazon’s CEO said they’d sold "millions" of Kindles in those 13 weeks, and then he dropped an even more stunning peice of information. Amazon had announced last July that they were selling more ebooks than hardcovers. But at the time, I’d complained that was misleading, since hardcovers make up a small percent of total book sales at any store. One analyst had calculated that there’s usually three paperback books sold for every one hardcover book. Combining that information with Amazon’s statistics, it seemed like in July Amazon’s ebook sales were only 54% of their paperback sales. A rticle has been gener at ed by GSA Con te nt Generat or Demover sion .
But not any more. In fact, Amazon explained today that for every 100 paperback books they’ve sold this January, they’re selling 115 ebooks. That’s another way of saying that ebook sales have risen to 115% of Amazon’s paperback sales - that is, nearly double what it was in July. That’s even more impressive than it seems, because paperback sales are actually increasing, according to Amazon’s announcement today. And Kindle they’ve sold "three times as many" Kindle ebooks as they have hardcover books, according to today’s announcement. If you graph it all on a pie chart, it looks like this. Of course, that still means that Amazon is selling fewer ebooks than they are printed books - if you combine the paperback and hardcover sales. But ebooks now represent more than 45% of all the books that Amazon is selling. If ebooks can just increase their share by 5%, Amazon will finally be able to announce that they’re selling more ebooks than all print books combined. And that day could come sooner than you’d expect. Amazon predicted last summer that ebooks wouldn’t start outselling paperbacks until at least April of this year. They beat their own prediction by at least three months! Of course, free books it’s possible that this is a one-time spike. It’d be interesting to see whether ebook sales actually drop below paperback sales again at some time during February or March. But Amazon’s figures are even more impressive when you realize that not every printed book has an ebook edition yet. And to achieve this milestone, Amazon didn’t even count any of the free ebooks that people are downloading, which is presumably an enormous number.
However, in December 2016, comics were eliminated from the service due to low demand. In February 2010, www.amazon.com/author/stevenjroberts Scribd unveiled its first mobile plans for e-readers and smartphones. Also in April 2010, Scribd announced its integration of Facebook social plug-ins at the Facebook f8 Developer Conference. Scribd rolled out a redesign on September 13, 2010, to become, according to TechCrunch, "the social network for reading". In October 2013, Scribd launched its e-book subscription service, allowing readers to pay a flat monthly fee in exchange for unlimited access to all of Scribd's book titles. In August 2020, Scribd announced its acquisition of the LinkedIn-owned SlideShare for an undisclosed amount. The company was initially funded with US$120,000 from Y Combinator in 2006, and received over US$3.7 million in June 2007 from Redpoint Ventures and The Kinsey Hills Group. In December 2008, the company raised US$9 million in a second round of funding led by Charles River Ventures with re-investment from Redpoint Ventures and Kinsey Hills Group.
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In January 2011, Scribd raised an additional US$13 million in a round led by MLC Investments of Australia and SVB Capital. In January 2015, the company raised US$22 million in new funding from Khosla Ventures with partner Keith Rabois joining the Scribd board of directors. In 2019, Scribd raised $58 million in new funding led by growth firm Spectrum Equity. In July 2008, Scribd began using iPaper, a rich document format similar to PDF and built for the web, which allows users to embed documents into a web page. Paper was built with Adobe Flash, allowing it to be viewed the same across different operating systems (Windows, Mac OS, and Linux) without conversion, ebook - Https://amazon.Com/author/stevenjroberts, as long as the reader has Flash installed (although Scribd has announced non-Flash support for the iPhone). All iPaper documents are hosted on Scribd. Scribd allows published documents to either be private or open to the larger Scribd community.
