Amazon Reports Strong Kindle Sales, Buys Audible

February 01, 2008 12:00 PM
by findingDulcinea Staff
Amazon, long dominant in online book sales, continues to strengthen its position in digital media.

30-Second Summary

Amazon made its name in part through its legendarily efficient system of storing and shipping physical products.

But as the entertainment media become increasingly digitalized, Amazon is moving aggressively to expand into the market for e-book readers, such as its own kindle, and audio books.

CEO Jeff Bezos said that the Kindle “is out-pacing our expectations” and Amazon is trying to increase manufacturing output to keep up with the demand.

Amazon also announced today the purchase of Audible, the leading provider of digital audio books. This move follows on the heels of Amazon’s global debut of its music download store, which offers songs that can be played on almost any digital device.

Headline Links: Amazon buys Audible

Backround: Kindle’s release

Analysis: Publishing’s electronic future

Opinion: The reviews

Reference: Sony Reader reviews, Project Gutenberg and Mobipocket


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