This is the 2nd piece
we've posted from Walt Crawford recently. This time the topic of discussion is one which is probably on the lips of serveral Sony execs.
Quote:
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So what happened? If you believe the International Digital Publishing Forum, 2005 worldwide ebook sales were up 23% from 2004—to just under $12 million, considerably less than Forrester's or Accenture's projections. By comparison, the total U.S. book publishing market was between $25.1 and $31.6 billion—up more than a billion from the previous year. Worldwide ebook sales represent about 1% of the increase in U.S. book sales—but less than one-twentieth of one percent of total U.S. book sales. In other words, ebook sales might just amount to a rounding error in overall book sales.
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Read the rest of the article
here.
Oh and for all those who wonder 'Why Aren’t Ebooks More Successful?' it's because
these folks haven't released an e-ink device yet.
(biased naaaah)