The news was revealed in Amazon's fourth quarter earnings report, and comes just six months after the company announced that e-books were outselling hardcovers.
In a statement, CEO Jeff Bezos said, "Last July we announced that Kindle books had passed hardcovers and predicted that Kindle would surpass paperbacks in the second quarter of this year, so this milestone has come even sooner than we expected – and it's on top of continued growth in paperback sales."
The company adds that for 2010, it sold 115 Kindle books for every 100 paperback books, and “three times as many Kindle books as hardcovers.” Those numbers don’t include free Kindle books, making the numbers all the more significant. The growth in e-books, as well as strong sales of the Kindle 3, helped Amazon achieve $10 billion in a single quarter for the first time in its history.
More About: amazon, e-books, Kindle
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