Amazon Profit Soars in Q4; Kindle Strong Sales Driver
January 29, 2010 /EIN PRESSWIRE/ Amazon reported a 71 percent increase in net profit for Q4, fuelled by strong holiday shopping, including increased demand for its Kindle e-reader and e-books.
Amazon sales for the quarter were up 43 percent to $9.52 billion; Amazon’s total sales for 2009 came to $24.51 billion. Although Amazon did not release a sales figure for Kindle specifically, Amazon CEO Jeff Bezos said the company sells six Kindle books to every 10 physical books when both editions are available.
According to Forrester Research, Amazon’s Kindle owns nearly 60 percent of the e-reader market share in the US. Will Amazon’s Kindle thrive when the new kid, the Apple iPad, comes to the market?
Follow this story and more at Book Publishing Industry Today:
Latest Kindle news – http://books.einnews.com/news/kindle-e-reader
Latest E-book & Book Publishing news – http://books.einnews.com/news/e-book-publishing
Latest iPad & Books news – http://books.einnews.com/news/ipad-books
Located at http://books.einnews.com, Book Publishing Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest book publishing news from around the world, saving them valuable time they’d spend searching for information. New users to Book Publishing Industry Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.
