The Amazon.com Kindle eReader and bookstore have reached a "tipping point," the company said July 19, with Kindle titles outselling hardcover books on the massive online marketplace for the first time, CNET reports. "We've reached a tipping point with the new price of Kindle--the growth rate of Kindle device unit sales has tripled since we lowered the price from $259 to $189," Amazon founder and CEO Jeff Bezos said in an announcement release, referring to last month's price drop for the device. "In addition, even while our hardcover sales continue to grow, the Kindle format has now overtaken the hardcover...

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  • About the Author:

    Maya Prabhu