The decline in ebook sales from Amazon.com is being blamed on a growing list of digital issues, including a lack of sales from children’s books and ebooks, as well as issues with the Kindle and Kindle app.
While Amazon’s sales for the year to date are down slightly from the previous year, it’s still down from last year’s record-setting $7.2 billion, according to The Wall Street Journal.
The company’s chief financial officer, Bob Pisani, told the newspaper that while there is a number of reasons behind the decline, he believes the company is addressing many of them.
Pisani, who joined Amazon in 2012, told WSJ that the company was still in a transition period and had “a lot of work to do.”
However, Pisani acknowledged that it was “still early” and the company “will continue to look at ways to help children in the future.”
While Amazon has made some strides in recent years to help address digital challenges, Pisans statement seems to indicate that the biggest obstacle still lies in the e-book market, where the company still trails rivals such as Apple, Google, Microsoft and others.
Amazon launched a new ebook program in January that will allow children to download ebooks of their choice to their smartphones, tablets and computers for free.
However, many have questioned whether it is a good idea to allow children in general to access the same content they would read on their smartphones and computers.
The program was designed to help Amazon develop its e-books into more enticing digital products for consumers, including an e-reader and a digital book-reading app.
However some have complained that it may be giving away too much information for a company that has the most money in the world.
Amazon also announced last month that it would be introducing an iPad app, but has yet to announce any new tablet devices for the company.