May 19, 2011
The demand for paper books is on the decline, according to Amazon.com. Less than four years after introducing Kindle electronic books, Amazon’s customers are now purchasing more Kindle books than all print books – hardcover and paperback – combined.
“We had high hopes that this would happen eventually, but we never imagined it would happen this quickly, said Jeff Bezos, Amazon’s founder and CEO. “We've been selling print books for 15 years and Kindle books for less than four years.”