AMZN - Jeff Bezos' Original Book Business At Amazon Garnered $16.9B In 10 Months With More Than Half Of It From US Alone: Report | Benzinga
Amazon.com Inc.‘s (NASDAQ:AMZN) original book business has seen a resurgence, with sales reaching $16.9 billion in the first 10 months of 2022, according to a leaked internal document.
What Happened: Amazon’s original business of selling books, which dates back to its founding in 1994, has been thriving and surpassing its digital counterpart, e-books, Business Insider reported, citing a leaked internal document. It provides a detailed insight into Amazon’s book business and the wider publishing industry.
The document, marked as confidential and spanning 25 pages, was used for a weekly business review at Amazon. It reveals that Amazon’s book business has generated $16.9 billion in gross merchandise sales in the first 10 months of 2022. This includes the total sales volume of print and digital books, including e-books and audiobooks.
Amazon’s book sales in the U.S. alone accounted for about $9.5 billion in the same period, indicating the company’s sustained success in its original business over nearly three decades.
See Also: As Apple, Nvidia Trade Near ...