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2010-07-20

Online book sales rise

As more and more people turn to sites that accept credit cards online for their shopping, it seems that sales of electronic books (ebooks) are also on the increase.
Online retailer Amazon reports that sales of ebooks for its Kindle reader have been outstripping sales of hardback books for the last three months in the US.
In the last month, online payment processing sales of ebooks are 80 per cent higher than sales of traditional hardback books.
Over the last three months electronic books outsold hardbacks by 43 per cent.
Amazon also reports that in the first six months of 2010 sales of Kindle electronic books are three times higher than in the same period in 2009.
Jeff Bezos, the founder and chief executive officer of Amazon, commented: "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."

The Kindle is now the bestselling product for the online retailer and can be purchased new for $189 (£124).
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