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Even before e-books became popular, 250,000+ new titles were published in the US every year (and about the same number in the UK).
That's *new* titles. And that's *every* year. Random House alone puts out 80,000 new titles per year.
Of the 250,000, probably 40,000 or so are fiction. So if I limit myself to fiction written within the past 10 years, that 400,000 books to choose from.
Meaning that there has always been a lot of competition in the market. I'm not sure that e-books will really change that overall.
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