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Kobo reports 400 percent growth in e-book sales

from The Digital Reader

Kobo announced that it has seen stellar growth in the past year. E-book sales and sales of the Kobo Touch are both up significantly. What's more, Kobo has nearly quadrupled its user base, with the number of people reading with Kobo internationally reportedly being up by 280 percent. Kobo was bought by Rakuten in the fall of 2011, and both parties are expecting that it will offer unparalleled opportunities to extend Kobo's reach through Rakuten's other subsidiaries. more

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