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Kobo reports significant growth in ebook and e-reader sales

Kobo announced today it has seen substantial growth in ebook and Kobo Touch sales over the past year, with ebook downloads up 400 per cent and e-reader sales up 160 per cent. Most significantly, the company has almost quadrupled its user base, with a reported 280 per cent growth in the number of international Kobo users.

The Digital Reader quotes Kobo CEO Michael Serbinis:

It’s become increasingly clear that the world of eReading is the way of the future and as technology continues to break down geographic borders, Kobo is excited to lead the charge into new markets and continue to shape the future of the multi-billion dollar eReading industry.

[…] We expect Kobo’s trajectory for international growth and user adoption to quickly meet and exceed market projections.