Amazon: E-Book Sales Exceed Printed Versions

Amazon.com announced on Thursday that it sells more Kindle e-books than printed hardcover or paperback books. And its recently releasesd lower-priced Kindle e-reader is outselling other versions of the device.

The Seattle, Washington-based company said that since April 1, it has sold 105 Kindle e-books for every 100 print books, hardcover and paperback combined. Free Kindle books are not included in that count.

"Customers are now choosing Kindle books more often than print books," Jeff Bezos, Amazon founder and chief executive, said in a statement. "We had high hopes that this would happen eventually, but we never imagined it would happen this quickly." Amazon has sold printed books for 15 years and Kindle books for less than four.

Amazon started selling printed books online in July 1995, and started selling e-books in 2007.

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