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Tuesday, August 30, 2011

WSJ Finally Acknowledges the Obvious

Currently reading - Baby, Drive South by Stephanie Bond

In an article in yesterday's Wall Street Journal (thanks to Jay Lake for the link), business folks are FINALLY saying what we indies have known all along: the publishing paradigm has shifted and it's cutting into the houses bottom lines.

More significant is the graph (I love pictures with economics) showing e-books crossing the $1 billion threshold this year. (No that's not a typo. It's billion with a capital 'B'.)  Albert Greco postulates that e-books will triple within the next three years.

If anything, I think Mr. Greco is underestimating the rate of change.  DH, who wasn't much of a reader when we met, now has his nose in his Kindle everynight.  In all fairness, he did not buy the Kindle.  He stole mine, which was a gift from a friend.  Now you know why I'm still reading paper books.

I think e-book sales will accelerate exponentially  once a vendor introduces an e-reader below $100. And it will probably happen this holiday season.  Karnak said so

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