Quote:
Originally Posted by dmaul1114
... And if 60% of people read 1 or fewer books a year.....then yes that's a niche market.
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US population in 1900: 76 million
Us population in 2000: 280 million
Forget the 40% who read more than 1 book per year. Do the math on 10% and you'll find that the number is greater than the annual iPhone sales.
I am not saying it will happen in 2009, ereaders are here to stay. It's different technology. It's a niche product, in the sense that Hard cover books are a niche product. Or smart phones.
P.S. And again, downloading a free app on the iPhone is easy to do. It doesn't mean people will actually read books on a 3.5" back-lit screen. I can watch movies on my 24" iMac too, but I don't. I have a large TV for that.