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Millions of Kindles sold. Q4 revenue takes a jump

by Greg Billetdeaux on Jan 29, 2010 at 10:22 AM

Kindle DX With the economy recovering, this year has been good to many, especially the eReader community. And with the Kindle at the forefront of this clique it is going to show off some of its successes. Heading these successes is the $902 million net income increase since 2008, a 40% increase. Wow… 40%. That is huge! And we can clearly see why when we look at some sales statistics.

For every 10 physical books sold, 6 eBooks are sold. And this only accounts for eBooks that cost money, if they factored in free books, the ratio would be even closer, if not the opposite. The Kindle Store has over 410,000 books, 8,000 blogs, and 130 domestic and international newspapers. They also have 100 of the 112 New York Times bestsellers.

Net sales themselves rose 28% for the full year with $24.5 billion. But how will they fare this year? EReaders had it easy this Christmas; the only competition they had were other eReaders. But now, the iPad is here. And the only thing it seems to have done right is the full color eReader they have in it. If they did it right, it could really put a damper on these sales.

Tell us what you think. Will eReaders like the Kindle be able to withstand the iPad?

Read [Amazon] Via [Electronista]

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