It's been a long time coming, but finally research analysts recognize the value of e-books! Kimberly Castro, research editor at S&P, says that e-books are on the rise, thanks to recent developments in display technology and to joined efforts of book-relevant industry players. S&P's parent, McGraw-Hill, stated earlier that e-books made a strong contribution to their third-quarter earnings this year.
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Terry McGraw, McGraw-Hill's chairman and chief executive, expects more growth in the digital world with the fall debut of CourseSmart, a new college publisher cooperative e-book and e-commerce Web site. "For students, CourseSmart offers a lower-cost alternative and all the functionality of a Web application," says McGraw. "Our higher-end group is starting with 148 e-books. Over time, thousands of textbooks will be available on this common platform."
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In support of her view, Mrs. Castro lists various e-reader devices that have entered the market just this and the previous year. She also mentions the Amazon Kindle, that, according to her, has debuted this month. Did we miss something?
Link:
The Future of E-Books (BusinessWeek)