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By on October 21st, 2010

Latest Kindles Fastest Selling Ever Amazon Says in Record Quarter

Amazon posted its usual big jump in top line sales, with the third quarter revenue increasing 38.7%, to $7.56 billion, while net income rose 16%, to $231 million. The largest gains came in its electronics and other general merchandise segment where sales rose 68% overall and 80% in North America. The segment, which benefited from acquisitions, is home to sales of the Kindle. Media sales grew at a much more modest rate, up 14% in total and 13% in North America.

Amazon said the new generation of Kindles “are the fastest selling Kindles of all time and the bestselling products on Amazon.com and Amazon.co.uk.” The number of e-books in the Kindle store grew to 720,000 during the quarter and Amazon said that 590,000 of those are priced at $9.99 or less.

Latest Kindles Fastest Selling Ever Amazon Says in Record Quarter.

About the Author

David Hancock is reported to be the future of publishing and is the Founder of Morgan James Publishing and The Ethan Awards. David has co-authored ten books including "Guerrilla Marketing for Writers", "The Entrepreneurial Author" and "The Best of Guerrilla Marketing". David also sits on the Advisory Board of the National Center for the Prevention of Community Violence and serves on the Executive Board of Habitat for Humanity Peninsula and Greater Williamsburg.

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