Amazon: E-books Will Overtake Paperbacks by the End of 2011
Amazon predicts that it will sell more e-books than paperbacks by the end of next year, and that they will eclipse both paperback and hardcover sales combined shortly thereafter.
"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," Amazon CEO Jeff Bezos told USA Today.
Kindle books have already eclipsed hardcover sales; Amazon recently said it sells 180 e-books for every 100 hardcovers, with the ratio constantly shifting in e-books' favor.
Many readers still favor the good old printed book. In a recent poll, most Mashable readers cited a preference for physical books over e-books. However, with the e-reader/tablet battle heating up (the iPad is selling amazingly well, and Amazon recently launched a new version of the
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