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Eink readers in my area continue to be popular amongst the aging population. They are MUCH LIGHTER than tablets, can be read outside or inside, while tablets are nearly impossible to read outside and even in brightly lit rooms. At some point, ANY gadget reaches saturation levels and will decline as a new gadget comes along. So long as they keep making ereaders, I certainly will buy them. I just bought a new Nook Glo last week - sucker is extremely light.
No matter what, once you hit your 50s, the majority are going to start having trouble reading books off their tiny smart phones.
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