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R&D for Lifetime of Life

Kindle sales boost Amazon profits

Online retailer Amazon reported strong profits between July and September – partly thanks to its most popular item, the Kindle electronic reader.

Amazon reported a net profit of $199m (£119.6m) in the period up 62% on the same period a year earlier.

The Kindle book electronic book reader went on sale in the UK on 19th Oct 2009. 

“We have millions of customers in countries all over the world who read English-language books. Kindle enables these customers to think of a book and download it in less than 60 seconds,” said Amazon founder Jeff Bezos.

Penguin chief executive John Makinson hopes it will kickstart digital book sales in Europe.  “The publishing industry is experiencing explosive growth in digital book sales in the US,” he said.


October 23, 2009 - Posted by | Change

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