Nobody can predict the future, but Amazon thinks that when it comes to ebooks the writing is on the wall.
“We’re now seeing the transition we’ve been expecting,” CEO Jeff Bezos said in the company’s fourth-quarter earnings report, released Tuesday. “After five years, ebooks is a multi-billion dollar category for us and growing fast – up approximately 70 percent last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just five percent.”
That’s impressive growth, but as the ebook transition moves forward, Amazon should worry that Kindle is not going to be the device leading the revolution. Apple and iPad will cut into its growth.
Amazon has mastered the art of the press release that doesn’t say much. Several data points are missing from Bezos’s statement — here are some questions I have ...