Kindle eBook Sales to beat Paperback Sales within the next Year

Jul 29 2010, 9:41am CDT | by Luigi Lugmayr

Amazon launched a new Kindle that improves on several aspects over the previous model and more importantly drives down the price to $139.
Amazon CEO Jeff Bezos answered a couple of questions on USA Today about the new Kindle and also on eBooks in general.
The most stunning statement of Jeff Bezos is: "I predict we will surpass paperback sales sometime in the next nine to 12 months. Sometime after that, we'll surpass the combination of paperback and hardcover. It stuns me. People forget that Kindle is only 33 months old."

Well, this stuns me even more as I have sent the Kindle back after trying it for a couple days. I am supposed to be an early adopter, but the dedicated eBook reader is not for me. I prefer paperback books for reading.
I do a lot of online reading of course, but for relaxing reading in bed or on the couch I still stick with the paper book. I even like the idea of the book shelf, where I can see the books I have read. In the light of the Kindle and eBook success this sounds almost nostalgic.

The Kindle eBook sales already trump that of hardcover books this month. Jeff Bezos knows the number of Kindles on the market and we don't. He will know if the Kindle is also taking down paperback book sales in the next 12 months.
More details about the new Kindle can be found Amazon.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.