bookpublishing

According to Publisher’s Weekly today:

Amazon continues to out-perform most bricks-and-mortar stores, but its third quarter results showed that the e-tailer is not completely immune from the declining economy. Total sales rose 31% in the period, to $4.26 billion, while total media sales increased 19%, to $2.49 billion, and North America media revenue rose 15%, to $1.24 billion…. Net income jumped 48%, to $118 million.

Despite gains, Amazon does not plan to release a new Kindle “until 2009 at the earliest.” There seem to be lots of suggestions for improvements and updates, including color, a brighter backlit screen, and a touch screen. It seems unlikely, though, that it is profitable for Amazon to create a new Kindle for a while. Amazon is notoriously hush-hush about the sales data for the Kindle or Kindle books. Although they were selling out of stock upon arrival, they are now certainly in stock. I think the general outlook for e-reader sales is about the same though.

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