A nascent market just a few years ago, e-readers are turning into big business. As Cecilia Kang of the Washington Post reports:
A fifth of American adults have read an electronic version of a book in the last year, a trend that is fueling a renewed love of reading, according to a new survey.
The portion of e-book readers among all American adults has increased to 21 percent from 17 percent between December and February, due in large part to a boom in tablet and e-reader sales this past holiday season.
MarketWatch highlights yet more evidence that the mobility of the web is upending traditional business models:
Amazon.com today announced that John Locke has become the eighth author to sell over 1 million Kindle books, becoming the newest member of the “Kindle Million Club,” and the first independently published author to receive this distinction. As of yesterday, John Locke has sold 1,010,370 Kindle books using Kindle Direct Publishing (KDP).
Over a million books direct to customers. That’s the power of innovation.
In what could prove to be the start of a major shift for publishing — or, just as possible, a short-lived fluke — digital copies of Dan Brown’s (The Da Vinci Code) new novel The Lost Symbol are outselling the traditional hardcover versions on Amazon.