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Amazon: E-book sales soared, print crawled

from Publishers Weekly,

In a statement accompanying its fourth quarter and full year results for 2012, 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 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 5 percent." more


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