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E-Books on the rise?

An item in yesterday's GalleyCat mentions that while overall book sales went down by 1.8 percent in May (down 0.7 percent for the year), e-book sales went up 24.3 percent! That worked out to a 34.1 percent increase for the year. GalleyCat wondered if this was caused by the fact that so many publishers are giving away e-books.

To me the most likely culprit—perhaps cause is a better word since this is a good thing—is the Kindle, Amazon's new e-book reader. The darn thing sold out six hours after it went on the market, and all those folks want to buy books to justify spending $400 on an e-reader. Amazon has dropped the price to $360, but I'm waiting just a bit longer.

Too bad audio books didn't do as well, but maybe the Kindle could bring them along, too, once it takes hold.

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( 2 comments — Leave a comment )
miladyinsanity
Jul. 12th, 2008 07:43 pm (UTC)
It's really interesting to me because Audiobooks fit the conventional economic theory but they aren't doing so well, whereas ebooks don't and doing pretty well.

I'm linking to this one on my regular blog with more stuff.
karen_w_newton
Jul. 12th, 2008 07:58 pm (UTC)
I'll check out the other blog then!
( 2 comments — Leave a comment )

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