From The Bookseller:
Amazon.co.uk increased Kindle e-book sales by five times in its fourth quarter but its parent company Amazon.com announced a sharp fall in profits as it failed to meet analysts’ expectations in its financial results today. Meanwhile the company has had a setback in the US, with Barnes & Noble saying they will not stock physical books published by Amazon.com.
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In the UK, Amazon said sales of Kindle e-books in the last three months had increased five-fold in comparison to the same period in 2010 and it received twice as many orders for Kindle e-readers in the run-up to Christmas than last year. While the Kindle was the best-selling product for the last quarter in 2011 for the UK, no e-books were in the top 10 bestselling products list—a departure from previous years where anywhere up to four have featured. The top 10 bestselling items list for the last quarter was dominated instead by DVDs, video games and music.
