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Virtual Book Sales Surpass Physical Books
The Journal of Commerce ^ | Dec 29 2009 | Thomas L Gallagher

Posted on 12/30/2009 8:42:01 AM PST by Milhous

Amazon's Kindle Reader cuts book shipping

Book sales in the United States surged during the holiday season, but in a dramatic shift for the shipping world, retailer Amazon.com said this week sales of e-books for the first time surpassed sales of physical books. 
 
Amazon’s peak in e-book sales occurred on Christmas day as gift recipients used their new Kindle reading devices to make purchases from among the 390,000 books available in Amazon’s Kindle Store.

The Kindle electronic reader, which allows users to download books and other media from a variety of sources, was “the most gifted item ever in our history,” said Amazon founder and CEO Jeff Bezos.

Overall retail spending the first of November through Dec. 24 increased 3.6 percent compared with last year, according to MasterCard’s SpendingPulse survey, which tracks cash as well as credit purchases. The online portion of sales jumped 15.5 percent compared with last year to account for 10 percent of all retail sales, the survey said.

Another retailer industry watcher said online spending in the United States grew 10 percent in November over a year ago. The comScore research firm said online sales reached $12.3 billion in November, and the group said visits to the Web site of Wal-Mart grew 62 percent and visits to the Target site grew 43 percent over last year.


TOPICS: Business/Economy; Culture/Society
KEYWORDS: amazondotcomkindle; digitalrevolution; ebooks; ereader; goodbyeaxmen; kindle; newmedia; paperfree; paperless; savetheforests; sony; sonyereader
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1 posted on 12/30/2009 8:42:03 AM PST by Milhous
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To: abb; RayChuang88

ping


2 posted on 12/30/2009 8:44:25 AM PST by Milhous (Confusion to our enemies.)
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To: Milhous

I have to hold a book and turn the pages.


3 posted on 12/30/2009 8:46:56 AM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: Milhous
As a bibliophile let me be the first to wish Amazon founder and CEO Jeff Bezos a special place in hell!

After making him millions he shoves it to the very industry that made him rich.

What do you say to the thousands who make their living printing, publishing, and selling hard copy books Jeff?

Let them eat cake?

4 posted on 12/30/2009 8:49:49 AM PST by Pietro
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To: Milhous

I’ll take dead-tree books any day of the week.

Black-on-white (not dark grey on light grey), no battery or charger, even the simplicity of having two books open on the table at once—and what about the hassle of my particular Kindle dying, or Amazon Inc. dying?

Then what?


5 posted on 12/30/2009 8:53:56 AM PST by Petronski (In Germany they came first for the Communists, And I didn't speak up because I wasn't a Communist...)
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To: Milhous
I found Atlas shrugged and 1984 online for free as both books on Cd and text versions.

BTW - my wife and I saw this on our way from Florida to South Carolina to visit our daughter and her family:

Ironically, we were listening to CD #3 of Atlas Shrugged at the time.

6 posted on 12/30/2009 8:55:07 AM PST by N. Theknow (Kennedys: Can't fly, can't ski, can't drive, can't skipper a boat, but they know what's best.)
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To: Milhous

FOR ONE DAY ONLY !!!!!

People who got ‘readers’ like Kindle for Christmas were plugging in and getting downloads.

How much of this means that the government will be able to tell who reads what in the future? If I want a book- I go to the book store and pay cash. No government official knows what I read, when, or why.


7 posted on 12/30/2009 8:58:48 AM PST by ridesthemiles
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To: Milhous
This is a very misleading headline. Who is surprised that virtual book sales surpassed physical book sales on Christmas Day? Christmas Day has to be one of the slowest book-buying days of the year. And when one factors in the fact that some people got Kindles as gifts (not nearly as many as Amazon would have liked, btw) and were anxious to stock them up, it actually makes sense that virtual sales would be higher than physical sales for that single day.

But as someone who is in the industry, I can tell you for a fact that on most days, virtual sales account for less than 10% of all sales. And people in the industry have been telling us for about 15 years now that the book is dead.

When you hear such rhetoric, think of Mark Twain's famous quote.
8 posted on 12/30/2009 9:01:24 AM PST by Antoninus (The RNC's dream ticket: Romney / Scozzafava 2012)
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To: Milhous

I was one of those “gifted” with a Kindle for Christmas. I like real books and did not think I would like the electronic format, but I now believe there is a place for both. I will still buy some books in hard cover — serious, meaningful books that I will probably read more than once and will lend to others (and sometimes get back). But I also like non-serious books — mysteries, thrillers, humor, social commentary. They were books I usually bought in paperback format, then lent out (usually hoping I wouldn’t get them back). Kindle is perfect for those. It is also perfect for traveling. It has its place in the world of books.


9 posted on 12/30/2009 9:03:24 AM PST by blau993 (Fight Gerbil Swarming)
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To: ridesthemiles

excellent strategy ... until cash is replaced with an electronic payment device and/or we are all chipped


10 posted on 12/30/2009 9:03:24 AM PST by RGirard ("If you read just one book this year ... " by An American Man)
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To: Pietro
What do you say to the thousands who make their living printing, publishing, and selling hard copy books Jeff?

What did they say to the scribners when movable type was introduced? Or, to the lithographers when copiers were made? Or, to the radio stars when videos were made?

I notice there isn't much call for buggy whips these days, either.

Don't get me wrong, I enjoy books, and will read books until I can no longer read. I also enjoy the Kindle. Both will have a place in this world for a time to come.

11 posted on 12/30/2009 9:06:40 AM PST by IYAS9YAS (The townhalls were going great until the oPods showed up.)
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To: Red_Devil 232

Does the Kindle format allow one to print the book on paper in the home printer? ...


12 posted on 12/30/2009 9:07:38 AM PST by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
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To: RGirard; All

Do not accept the chip

Your future depends on it.


13 posted on 12/30/2009 9:07:39 AM PST by geologist (The only answer to the troubles of this life is Jesus. A decision we all must make.)
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To: Petronski
Your complaint sounds familiar somehow, old girl
14 posted on 12/30/2009 9:10:20 AM PST by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
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To: MHGinTN

No it doesnt. But, as a voracious reader I can tell you that the Kindle is wonderful. My purchases of books has remained about the same, and I still buy some real books. But, the virtual aspect of the books, the ability to download on the spur of the moment, and the ability to take my entire library with me on the road is just amazing. The ability to increase or decrease the type face is easily the best part of the kindle. I got the big one, and I love it.


15 posted on 12/30/2009 9:14:13 AM PST by Vermont Lt (I have lived here all my life, and now is the first time I am ashamed of my country)
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To: Milhous

bump


16 posted on 12/30/2009 9:19:42 AM PST by VOA
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To: Milhous

don’t flame me...
I have a Sony 505 eReader and I absolutely love it. The Sony library can link to the Google Public Domain library (500,000 free titles). I read lots of classics from there and buy my new releases from the Sony store. I just bought Sarah Palin’s new book for $9.99. Don’t expect to save a bunch of money on new releases, but for the convenience, it’s great. My Mom has a Kindle so we just swap eBook readers when we want to share books.

The Sony is different from the Kindle and Nook because there is no cell device to connect you to the bookstore. Sony can’t control your contents like the debacle with Amazon and “1984”. You manage the contents just like an iPod. The software looks like iTunes.

True, it is classic to pick up a physical book, but managing/donating piles of read books became a job. So I’m a convert. The device is effortless, service is seamless, and no more lugging books.


17 posted on 12/30/2009 9:19:42 AM PST by kdot
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To: Milhous

Don’t actually want a Kindle, but I like using ebooks, where I can search and annotate...most of my reading seems to be research oriented history reading. I have seven bookcases full of books, but quite a number also in digital format. There are days when I have to find places for new books that I wish the entire collection was digital...It sure would be a lot easier when it was time to move it around...


18 posted on 12/30/2009 9:22:01 AM PST by Knitting A Conundrum (Without the Constitution, there is no America!)
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To: MHGinTN

I have Kindle for PC (free download) and noted that it doesn’t have a command for print.


19 posted on 12/30/2009 9:26:01 AM PST by SonOfDarkSkies (Al Qaeda only hijacked commercial aircraft...Obama hijacked the White House!)
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To: kdot

Our granddaughter is a voracious reader, so we got her sony for Christmas. Tried to get her books on Christmas and the server had crashed, so we will get her some in a couple of weeks when she comes back. Glad to hear it is as good as we thought it was.


20 posted on 12/30/2009 9:26:45 AM PST by Grammy (Politics. .......( poli ) many ( tics ) blood suckers)
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