Amazon's E-Book Milestone

10:00 AM -- Amazon.com Inc. (Nasdaq: AMZN) announced yesterday that sales of e-books have surpassed sales of hardcover books on the site for the past three months.

In fact, during this period, Amazon sold 143 Kindle books for every 100 hardcovers. And, The New York Times points out, this trend is accelerating -- for the past month, Amazon has sold 180 e-books for every 100 hardcovers. (These numbers don't include free e-books offered by the site.)

"Amazon.com customers now purchase more Kindle books than hardcover books -- astonishing when you consider that we've been selling hardcover books for 15 years, and Kindle books for 33 months," says Jeff Bezos, founder and CEO of Amazon.com

That said, Amazon's press release doesn't mention paperback sales, which likely still exceed e-book sales.

But even so, it's an indicator that the publishing industry needs to adapt more quickly to the digital world. As at least one popular author pointed out, The New York Times bestseller list still doesn't count e-book sales.

— Erin Barker, Digital Content Reporter, Light Reading Cable

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