Amazon is notorious for not sharing financial data on its ebook and Kindle division. Instead, we mainly have to rely on press releases and analysts to give us a clearer picture on the health of its digital division. Scott Devitt at Morgan Stanley did his due diligence and reports that in 2012 Amazon made $565 million on the Kindle division. This includes content, such as hardware sales, ebooks, movies, music, and apps. Scott also believes that in 2013, Amazon will record higher profits and more than likely do $620 million in sales.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times.