Kindle, Nook and other eReaders Will Kill Books….One Day
A recent report from IHS iSuppli, a market research firm, found that the exponential growth of eReaders such as the Kindle, Nook will eventually lead to a significant decrease in the production of printed books.
By 2014, the report predicts that eBooks will constitute about 13 percent of U.S. book publishing revenue, more than twice its current level. However, since the profit margins on eBooks are not as high as the ones on printed books, it’s not hard to imagine why some publishers are not looking forward to this day.
To this day, some publishers are still fighting the switch to eReaders but ultimately it is to their detriment as more and more customers are buying Kindles, Nooks and other eReaders. Let us not forget that the entrance of tablets such as the iPad into the eBook arena is further compounding the issue.
Personal Take:The resistance posed by some publishers is understandable but ultimately ill-advised. Fighting progress is the sure way to fail. Embracing it and recalibrating your goals is the best way to ride the wave of change sweeping the book publishing industry.
What are your thoughts? Are printed books going the way of the Dodo? If so, is that a bad thing? Share your thoughts in the comment section below.