May 8, 2009

How Much Are People Spending on eBooks?

EarlyWord blog reports that Amazon founder Jeff Bezo says the company’s Kindle ebooks now represent 35% of the total print sales of those same titles at the web retail site. That’s an increase from 13% just a few months ago. Amazon currently carries 275,000 titles for the Kindle.

How much are ebook sales contributing to publishers’ bottom lines? The ebook news Web site, Teleread, analyzed stats from Association of American Publishers, showing ebook sales accelerating rapidly in 2008, but estimates they “ will still only represent 1/2 of 1 percent of book industry sales,” for the year, growing to 6% over the next five years.

[via EarlyWord]

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