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Amazon's sensational growth

30 July 2018

Amazon's latest figures are astounding and cement its dominance of the book business, particularly self-publishing, as well as the huge inroads it is making in many other areas.

Operating income for the second quarter increased from $628 million in the 2nd quarter of 2017 to $3 billion, whilst net income jumped from $197 million to $2.5 billion. For the 3rd quarter, the company projected that revenue will grow between 23% and 31%, compared with the third quarter of 2017.

There is a huge impact in the bookselling area, especially now that Amazon services so many third-party sellers. For self-publishers they dominate the scene, offering the great advantage of a huge and powerful selling platform for any writer who can work with their systems. For those who can't, smaller self-publishing businesses have flourished and offer more of a hand-holding service.

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