The Kindle platform allows you to buy or rent books and lets you publish and sell them, thereby exercising the space to build a book-exclusive eCommerce platform that is just a click away for its readers. Their vast scale of efficient services is a boon in increasing their customer base yearly. This proves that Amazon rules the market share with its introduction of Kindle and Audible, and the future looks even more promising. Recent studies show that Amazon’s book sales represent less than 10% of its total revenue today. While 10% may seem insignificant, the fact that it’s 10% of a whopping $500 billion yearly revenue tells you how big of a deal it is. What started as a venture idea from Jeff Bezos’s garage is now a billion-dollar revenue-making company and the standalone leader of ebooks and audiobooks in the market.
Amazon has been reinventing the way we look at books, and it’s for the better.
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