PaidContent says that eBook sales account for 11.3% of publisher Hachette’s worldwide revenue and 20% of Random House’s.
Remember when these “traditional” publishing houses were talking doom and gloom if the eBook Revolution caught on? It would be the end of publishing… Yeah, right.
Publishers Weekly says the publishing industry has room for more than eBooks suggesting “paper” books will be around for a long time to come.
Before we crack open any champagne, remember the illegal price-fixing and market manipulation pulled by Apple and the big six publishing co-conspirators designed to slow down the adoption of the popular digital format. (See Department of Justice sues Apple and…)
Thanks to them, we’ll never know what the eBook market would have been since what we “are” seeing is a direct result of their tampering.
The CBC reports that the book club has come of age, or been digitized, with “Social Reading” rumored to be the next phase in eBook reading.
According to InformationWeek Apple is doubling its order for the new iPad Mini displays, citing stronger than anticipated demand for the popular device. With display orders rising from 6 to 12-million, it is anyone’s guess how adopters are employing the device in a market already dominated by the mini’s larger cousin, the iPad.
The new 7.85-inch display machine has found a niche of its own–I’ll bet it’s reading a lot of eBooks!
For anyone wondering why there might be some hesitation by the mainstream regarding the wholesale adoption of the eBook, here is the Guardian story about Apple and publishers reaching a settlement with the European Commission regarding illegal price-fixing and collusion.
Apple and bandit gang were recently nailed for the same offense by the U.S. Department of Justice. This dirty dealing undermines consumer confidence in an industry that wants to explode around the globe.