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US eBook sales double in one year

US eBook sales double in one year

The Kindle 3 is Amazon's best selling product ever.

Sales of eBooks in the US brought in nearly $70 million in January 2011 – a 115.8 per cent jump from figures for the same month last year, according to the Association of American Publishers' (AAP) monthly sales report.

In addition to this, the AAP states that revenue from sales of adult paperbacks fell from $104.2 million to $83.6 million - a drop of almost 20 percent - in comparison to the same period last year. Meanwhile, revenue from sales of adult hardbacks fell from $55.4 million to $49.1 million in the same timeframe - a drop of 11.3 per cent.

While sales of eBooks got off to a slow start, they now look set to make a significant impact on the sales of printed books, particularly after the mass releases of various tablet devices, as well as dedicated eBook readers such as Amazon's Kindle series. In fact, at the end of last year, Amazon revealed that its Kindle 3 eBook reader was its best selling product ever.

The success of eBooks has had repercussions among publishers elsewhere too. UK publisher HarperCollins has already thrown its toys out of its pram this year over eBook rental revenue.

Have you bought an eBook recently? Do you expect them to have the same impact that digital cameras had on the film camera business? Let us know your thoughts in the forums.

15 Comments

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whisperwolf 21st March 2011, 11:57 Quote
your picture on the article isn't a kindle 3, its a kindle 2.
Can't see ebooks decimating paper back sales like digital cameras did to film, more like the switch to digital downloads from cds. some people still like having the physical product. Although personally I haven't picked up a paperback since I got my kindle in November.
Combatus 21st March 2011, 12:09 Quote
Quote:
Originally Posted by whisperwolf
your picture on the article isn't a kindle 3, its a kindle 2.
Thanks!
Yemerich 21st March 2011, 12:22 Quote
Just a side note: decimating = reducing to 10%
Anyway, I just buy books to studying purposes. Since high school (17 years ago) I never read a book that was a ficticious one.
As for studying, I personally have the need to use a text marker and some notes. I just can't see how an e-book would help me there. And I am aware of the pdf capabilities of marking and taking notes. It is just not for me.
azazel1024 21st March 2011, 13:31 Quote
Actually, decimating = reducing BY 10%. Decimation was the punishment for cowardice in the face of the enemy in the Roman army. Every 10th man would be taken out of ranks and beaten to death by their commrades. Hence, decimation, to be reduced by a tenth.

I agree that I think the impact is going to be more akin to digital download vs CDs, but it is still going to be a big impact. I must say I have very mixed opinions on the subject. I plan on getting a kindle in a couple of months for my birthday and it'll be nice to reduce my paper library by a hundred or so books (about how many I have as eBook copies, still leaving me with another hundred or so on paper). However, I just love having a paper copy.

The many, many, many free "classics" combined with the smaller size and convenience of being able to carry basically all of my books with me is a big plus though. I can't tell you how many times I've been reading a book at work on my lunch only to finish it with half my lunch left to go.
chimaera 21st March 2011, 13:37 Quote
Quote:
Originally Posted by whisperwolf
your picture on the article isn't a kindle 3, its a kindle 2.
Can't see ebooks decimating paper back sales like digital cameras did to film, more like the switch to digital downloads from cds. some people still like having the physical product. Although personally I haven't picked up a paperback since I got my kindle in November.

Nope, Kindle 3 - this is a kindle 2: http://www.marketingpilgrim.com/wp-content/uploads/2009/03/kindle-2.jpg (note the different keyboard layout (not to mention colour, I don't think you could get the K2 in anything other than white)
whisperwolf 21st March 2011, 16:01 Quote
Quote:
Originally Posted by Yemerich
Just a side note: decimating = reducing to 10%...
Quote:
Originally Posted by azazel1024
Actually, decimating = reducing BY 10%. Decimation was the punishment for cowardice in the face of the enemy in the Roman army. Every 10th man would be taken out of ranks and beaten to death by their commrades. Hence, decimation, to be reduced by a tenth....

Yes originally it did indeed mean reduce by 10%, but language changes and evolves, hence why the Oxford English dictionary now defines decimates as
Quote:
1 kill, destroy, or remove a large proportion of:
the inhabitants of the country had been decimated
drastically reduce the strength or effectiveness of (something):
public transport has been decimated
2 historical kill one in every ten of (a group of people, originally a mutinous Roman legion) as a punishment for the whole group.


but you can happily be smug in the fact that if we were having this discussion a few centuries ago you'd be correct.
Quote:
Originally Posted by chimaera
Nope, Kindle 3 - this is a kindle 2: http://www.marketingpilgrim.com/wp-content/uploads/2009/03/kindle-2.jpg (note the different keyboard layout (not to mention colour, I don't think you could get the K2 in anything other than white)

Apart from the fact that your an couple of hours late and they've since changed the pic (around 12 gmt) to a kindle 3 hence the post from Combatus saying thanks, you'd be correct:D
Yemerich 21st March 2011, 16:15 Quote
Wow, I learnt a lot from this discussion.
And I should not rely on the TV series "Monk" about what is decimating...
Perhaps a translation issue...
SMIFFYDUDE 21st March 2011, 17:58 Quote
The pedants are revolting!
azazel1024 21st March 2011, 18:50 Quote
Well yes, I use decimate as Oxford uses it for their first deffinition, to drastically reduce something.

However, you did specifically site reducing it to one tenth, which under no deffinition (currently used, or originally used) is what it means. Now I'd say you are right, that reducing to a tenth certainly would be decimating under the normal use of the word, but not as a specfic. Where as a specific would be to reduce by one tenth.

Its not my smuggness, it is my desire that, if you are going to get in to specifics of a deffinition, that you get them right.
SMIFFYDUDE 21st March 2011, 19:07 Quote
I'm with azazel1024
Veles 21st March 2011, 20:38 Quote
I would rather read a physical book than use an ebook reader. I can see the appeal of being able to store loads of books on a little device though. But I still like reading a physical book, then again I haven't used an ebook reader before.

I imagine if I were to get one I would still buy paperbacks. In my idea world I'd have all my books on a Kindle and in physical form so I could do whichever I wanted.
Quote:
Originally Posted by Yemerich
Wow, I learnt a lot from this discussion.
And I should not rely on the TV series "Monk" about what is decimating...
Perhaps a translation issue...

On a side note, I now fancy watching a bit of Monk.
FelixTech 21st March 2011, 20:43 Quote
I would imagine that the Kindle is probably also one of the only things that Amazon sells in as many countries as it can... Most other items are probably more country specific...
sp4nky 21st March 2011, 23:20 Quote
Quote:
Originally Posted by Veles
I would rather read a physical book than use an ebook reader. I can see the appeal of being able to store loads of books on a little device though. But I still like reading a physical book, then again I haven't used an ebook reader before.
I've not used an ebook reader before but for me, when I'm reading something, the physical shape of the thing I'm reading isn't so important as the words. If someone bought me a Kindle, I'd happily use it.
Guinevere 21st March 2011, 23:37 Quote
Quote:
Originally Posted by azazel1024
Its not my smuggness

Nothing wrong with feeling smug, happens to the best of us.

And another thing...

I think you'll find it's spelt* smugness, with just the singular g.

http://www.thefreedictionary.com/smugness

*A hexaploid species of wheat ;)
Lazarus Dark 22nd March 2011, 23:43 Quote
producers need to learn lower cost=better percieved value=more willingness to spend.

What I mean is, I looked through the Amazon Kindle Store thinking about using the Android Kindle app.
But then I see often the ebook is the SAME price as the physical. Now wait a sec. So, there is no tree cut down, no paper produced, no printing and binding, and no delivery, shelf space or store clerk to pay for... and they want the SAME price?? I'd rather just buy the book and get it shipped free.

On the other hand, say a book is 10$. now lower the ebook to $5. I've got 15 bucks to spend this week. Now my choice is: one physical book for $10 or three ebooks for $15. I choose the ebooks. Now the publisher has 5 more dollars than he would have if the ebook was the same price. More percieved value OFTEN causes me to spend more as I feel I may be getting more for my money. This is also why mp3 purchasing largely fails for me: I can get one song in lossy quality for 99 cents or... one 12 song cd with the best quality available for $7. How does that work? lower the prices of mp3's to 50 cents and the music industry boom.
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