E-reader and tablet sales continue to skyrocket

Readers are continuing to adopt e-reading devices. This week e-reader company Kobo indicated that they have 3.2 million users, adding 1 million new users in the past 90 days. They announced this number as they indicated that they have received an additional $50 million in funding. Separately, Apple announced that in the past quarter they sold 4.69 million iPads, a number which many analysts believe would have been higher if Apple didn’t have supply constraints.