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U.S. markets recover from steep losses
SEATTLE, Jan. 28 (UPI) -- U.S. retailer Amazon said Friday it sold more digital books in the fourth quarter than traditional paperbacks.
Amazon founder and Chief Executive Officer Jeff Bezos said the surge in digital book sales came "after selling millions of third-generation Kindles with the new Pearl e-ink display during the quarter," Internet Retailing reported.
Bezos said digital books overtaking paperbacks came "sooner than expected."
Amazon passed another milestone October through December, posting its first quarter with more than $10 billion in sales.
Amazon's sales rose to $34.2 billion for the year, a 40 percent jump over 2009, the company said.
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