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eBooks Now Multi-Billion Dollar Category for Amazon

Amazon reported today that net sales increased 22 percent to $21.27 billion in the fourth quarter of 2012. The release also noted that eBooks are now a “multi-billion dollar category” for the company.

CEO Jeff Bezos had this comment: “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%. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.”

According to CNBC, Wall Street analysts had predicted $22.26 billion in revenue for the quarter. At the same time, Amazon’s net income was down 45 percent compared to the fourth quarter of 2011, falling to $0.21 per diluted share from $0.38 from the same period last year.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.