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"Thanks to our customers, we achieved two big milestones," commented Jeff Bezos, founder and CEO of Amazon.com, in a company press release. "We had our first $10-billion quarter, and after selling millions of third-generation Kindles with the new Pearl E Ink display during the quarter, Kindle books have now overtaken paperback books as the most popular format on Amazon.com. Last July, we announced that Kindle books had passed hardcovers and predicted that Kindle would surpass paperbacks in the second quarter of this year, so this milestone has come even sooner than we expected, and it's on top of continued growth in paperback sales."
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- Companies:
- Amazon.com
- The New York Times
- Places:
- Germany
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