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I'm not sure why Jerry thinks the new iPhone will be so magical... other PDAs have had the same e-book functionability for years that the iPhone doesn't even have yet. I don't see the iPhone doing anything special with e-books that other devices can't do. And I don't see the iPhone becoming the only device on the market.
I can see the iPhone becoming the new design standard for PDAs and smartphones, which could make them more ubiquitous... and that could drive the growth of e-books.
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