How Amazon Can Dominate The eBook Market
From Seeking Alpha:
Amazon‘s shares rose 4% on February 13, after an analyst note fueled further optimism about the company’s Kindle e-book business. Amazon’s Chief Executive Jeff Bezos noted in the fourth-quarter 2012 earnings results that e-books are a multi-billion category for Amazon and grew at approximately 70% y-o-y in 2012. In contrast, the physical book sales registered their lowest December growth in 17 years at about 5%.
. . . .
Morgan Stanley’s Scott Devitt estimates that the e-book market is a lot bigger than previously thought and that owners of Kindle e-readers and tablets are reading more e-books. . . . He estimates worldwide e-book unit sales to have reached 859 million in 2012, up considerably from a previous estimate of 567 million. Leading research firm Forrester Research estimates that the U.S. e-book market will reach $13.6 billion by 2017.
Link to the rest at Seeking Alpha
, Amazon will pay Passive Guy a small affiliate commission on any of your purchases.
We believe that Amazon, with its Kindle e-reader, low prices for e-books and self-published books, will be the biggest gainer from the expected growth in the e-book market which will further solidify its position.
Yep, if Amazon plays their cards right they could be a player someday, providing this whole e-book dodge takes off….
Morgan Stanley’s Scott Devitt estimates that the e-book market is a lot bigger than previously thought and that owners of Kindle e-readers and tablets are reading more e-books.
This guy probably went to Wharton Business School to come up with this. I count on my fingers and I figured it out.
Yep. Sharp. As. A tack.
Well, duh!
Yeah, the whole article reads like the writer had woken up yesterday after five years in a coma.
I’ll say this for him, he’s still one up on those people that insist ebooks are just a fad. And yes, there are still a few of those around.
Wait, what? You mean I didn’t waste my money on my new galaxy tab 2 on sale? You think that was a good long term purchase after all? Well holy shit.
How can Amazon dominate the ebook market (even more)?
Start selling ePub formatted ebooks.
I suspect they haven’t because they want people using the Kindle, and having B&N still around makes them look a bit less like a monopoly/evil empire. How many more millions would Nook be hemorrhaging if Amazon was also selling ePub ebooks? I’ll bet Amazon could really speed up b&n’s decline if they wanted to.
Yes. This.
Actually had a chat about this with friends this weekend. They are all waiting to get a Kindle until Kindles can read epubs. I can’t think of a good reason Amazon shouldn’t make the switch and enable Kindle to read every form of ebook possible.
Next Article: How fish can come to populate the waters of the world.
If the ebook market is a lot bigger than previously thought, does that mean B&N controlls a much smaller share than previously thought? (Shoutout to Mary Sisson.)
I thoroughly enjoyed the comments on this thread. They were almost funnier than the article.