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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