Posts tagged Amazon
The inability to borrow Kindle books from the local library has kept several of my friends from purchasing Kindles, opting to buy a Barnes & Noble Nook instead (much to my dismay and their ultimate disappointment).
Now, with Borders in bankruptcy and the future of conventional booksellers in question, Amazon (the world’s largest online retailer) has stepped up to the plate, listened to customer demand, and is in the process of creating a library lending program.
On April 15, 2011, CNN Money reported that sales of E-books outpaced those of paperbacks for the first time.
The growth of e-books is stunning; sales rose 202% from February 2010 to February 2011, and Amazon reported in January 2011 that its sales of e-books surpassed those of paperbacks.
Good news for trees, writers, and Amazon. Bad news for traditional book publishers and traditional book stores.
The PACE of the shift is what is so stunning to analysts. And this pace spells doom to bookstores who are unable to accept this new reality and make quick and nimble adjustments to their business model. The world has fundamentally changed.
Words of Wisdom!
“Stress primarily comes from not taking action over something that you can have some control over. So, if I find that some particular thing is causing me to have stress, that’s a warning flag for me. What it means is there’s something that I haven’t completely identified perhaps in my conscious mind that is bothering me, and I haven’t yet taken any action on it.
I find as soon as I identify it, and make the first phone call, or send off the first e-mail message, or whatever it is that we’re going to do to start to address that situation — even if it’s not solved — the mere fact that we’re addressing it dramatically reduces any stress that might come from it. So, stress comes from ignoring things that you shouldn’t be ignoring, I think, in large part.”
—Jeff Bezos, Amazon.com Founder
Read the full interview here