Amazon 2019 sales hit $280.5bn as retailer enjoys bumper Christmas

Amazon's 2019 sales increased 20% to $280.5bn and enjoyed a bumper Christmas period with sales up 21% on the previous year, according to its latest financial results.

Details of the online retailer's books division were not broken out but Amazon said in 2019 authors earned more than $300 million from the Kindle Direct Publishing (KDP) Select Global Fund.

Amazon added: "Millions of independent authors have self-published millions of books through KDP since launching the service in 2007. Additionally, thousands of independent authors earned more than $50,000, with more than a thousand surpassing $100,000 in royalties in 2019 through KDP."

Read the rest of article at The Bookseller.