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Jan 30 2013
In a statement accompanying its fourth quarter and full year results for 2012, Amazon founder Jeff Bezos summed up where he sees the future of book retailing heading - especially for his company. "We're now seeing the transition we've been expecting," said Bezos. "After 5 years, eBooks is a multi-billion dollar category for us and growing fast - up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%."
For the full year, net sales increased 27% to $61.09 billion, and Amazon reported a net loss of $39 million compared with net income of $631 million in 2011.
Pony Confidential
by Christina Lynch
In this whimsical mystery, a grumpy pony must clear his beloved human's name from a murder accusation.
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He has only half learned the art of reading who has not added to it the more refined art of skipping and skimming
Click Here to find out who said this, as well as discovering other famous literary quotes!
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