There are still Vinyl records around though (they sound better than mp3 or CDs because the encoding is poor), just as books will remain despite the success of ebooks. Traditional books will just become a niche area, with small companies printing books on demand.
As soon as the readers develop a 'bit' more and the price settles, they will become the standard issue for all school kids and university students. As that generation grows up with the reading device (ultra thin and light tablet) in their hand they will rarely use books. It's just a matter of time and improvement of the technology (screens need to be VERY easy to read, as books are).
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