Wednesday, July 21, 2010

Amazon Kindle At "Tipping Point"?

"We've reached a tipping point with the new price of Kindle," Amazon.com CEO Jeff Bezos says. "The growth rate of Kindle device unit sales has tripled since we lowered the price from $259 to $189."

"In addition, even while our hardcover sales continue to grow, the Kindle format has now overtaken the hardcover format," Bezos says. "Amazon.com customers now purchase more Kindle books than hardcover books."

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