E-commerce, E-book | featured news

Amazon.com Inc. is expected to unveil a new Kindle Fire on Thursday as it seeks to take a bigger bite of the tablet computer market and boost sales of digital goods like e-books and movies.

Amazon.com Inc. on Thursday said that, after less than four years of selling electronic books, it's now selling more of them than printed books. The online retailer said that since April 1, it has sold 105 e-books for every 100 printed books, including printed books for which there is no electronic edition. The comparison excludes free e-books, which would tip the scales further if they were included.

One month after Amazon announced that its third-generation Kindle "eclipsed 'Harry Potter and the Deathly Hallows' as the bestselling product in Amazon’s history," CEO Jeff Bezos announces: "Kindle books have now overtaken paperback books as the most popular format on Amazon.com."

Amazon.com has unveiled a program that will give authors and publishers a larger share of revenue from each Kindle e-book they sell beginning on June 30, 2010. The 70-percent royalty option offers 70 percent of list price ...