E-books are selling, but physical books aren’t as much as they used to.
Amazon founder Jeff Bezos neatly summed up where he sees the future of book retailing heading–especially for his company. “We’re now seeing the transition we’ve been expecting,” said Bezos. “After 5 years, eBooks is a multi-billion dollar category for us and growing fast – up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%.”