E for E-readers?

We’ve written two posts ( here & here ) earlier on e-readers.  With the recent holiday season sales slowly tapering,  e-readers have rang cash registers like crazy.  It has been reported that on Christmas Day, Amazon.com, the giant online bookstore, has sold more e-books for reading on Kindle than real books.

The e-reader is being touted as the Apple iPod of the book world. That’s saying quite a bit. Consider, for instance, that total sales of Apple iPod’s are in the range of 220 million worldwide!

So what’s the market / demand / future like, you ask, for these gizmos?

  • A recent report by Credit Suisse suggested that e-reader sales will soar from 1 million in 2008 to 32 million in 2014.
  • Kindle’s revenues at Amazon are estimated to climb from $624 million in 2009 to $1.8 billion in 2014.
  • Market analysis firm MediaIdeas reports 1.1 million e-readers with e-paper displays were sold in 2008. That number will grow to six million in 2010 and to 30 million units in 2013, according to In-Stat.
  • Competition will heat up with many new models coming to market in 2010, adding color and video capabilities. In addition, tablet devices and dual-screen devices that have both E Ink and LCD screens will be introduced.
  • Forrester Research expects that e-reader sales will double in 2010 to bring the total number of devices sold to 10 million.
  • Amazon reports that  Kindle owners buy, on average, 3.1 times as many books on the site as other customers!!!

And get this – anticipation is building that mighty Apple, secretive as ever, will put its big foot into the fray with a pricey tablet in spring 2010. The Apple Tablet will be released by Apple Chief Executive Officer Steve Jobs soon. Price point is around $1,000. The device is expected to resemble a large iPhone in appearance with a 10.1-inch multitouch screen with three-dimensional graphics.

Continuing on this subject, here are some interesting links for your reading pleasure:

Shell out more for a Kindle in India

E-book Piracy: The publishing industry’s next epic saga? A CNN report on piracy here

Best-Sellers on Amazon for Kindle . Don’t want to buy? Here’s a link to downloading free e-books for your Kindle

The ultimate online e-book searcher?

One more search engine with results in multiple languages for e books here

Stay tuned to our posts here as we bring you regular updates on this phenomenon as it unravels.

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