Good news for Amazon…but good news for authors?

It looks like the answer is yes, as long as your book is on Kindle. Amazon’s fourth-quarter earnings skyrocketed 71 percent and it does not expect the growth to slow. Full article here. Keeping in mind that Amazon sells more than just books – much, much more than just books – this quote caught my attention:

[Amazon] is selling six Kindle books for every 10 physical copies for the titles available in both formats. Amazon had previously said it reached a Kindle milestone on Christmas Day, when it sold more copies of e-books than physical copies for the first time.

What does that mean for you? It means you need to make your title is available on Kindle if it isn’t already.

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One Response to Good news for Amazon…but good news for authors?

  1. Other good news from Amazon for independent/self publishers or un-published authors from Media Bistro:

    AmazonEncore to Publish Its First Original Manuscripts
    By Jason Boog on Jan 28, 2010 02:23 PM

    Amid all the Apple iPad news this week, Amazon (AMZN) took another bold step into the publishing industry. AmazonEncore announced it will publish four new titles this spring–the first time the imprint has published original manuscripts.

    Interestingly enough, the company discovered the four books through the 2009 Amazon Breakthrough Novel Award contest. Find out more about the individual books and authors on this Amazon page.

    Amazon is eating the publishing industry’s lunch.

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