Amazon.com Announces Fourth Quarter Sales up 22% to $21.27 Billion
Jeff Bezos honks:
We’re now seeing the transition we’ve been expecting. 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%. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.
Boldfaced emphasis added by me.
Just five years for that to happen.
And Bezos was expecting it.
While the Big Six/Four clutched their pearls and did nothing.
What were they expecting? Illegal collusion to save them?
Wake up, move fast, or die.
Mike Cane’s xBlog 