eweek.comAmazon’s Kindle, Barnes &Noble’s Nook, and other e-readers might dangle the prospect of convenience for millions of bibliophiles around the world, with their light weight and instant access to whole libraries of e-books, but a new analyst report suggests the devices could eventually prove bad news for the publishing industry as a whole.“The book publishing industry has entered a period of long-term decline because of the rising sales of e-book readers,” reads an April 28 research note from IHS iSuppli, which predicted a decrease in book revenue at a compound annual rate of three percent through 2014—a reversal from the period between 2005 and 2010, when revenue rose.For the traditional book publishing industry, the implications of the rise of the e-book and e-book reader markets are frightening, given the decline in paper book printing, distribution and sales,” Steve Mather, IHS iSuppli’s principal analyst for wireless, wrote in an April 28 statement. “The industry has entered a phase of disruption that will be as significant as the major changes impacting the music and movie business.”
eweek.com
Amazon’s Kindle, Barnes &Noble’s Nook, and other e-readers might dangle the prospect of convenience for millions of bibliophiles around the world, with their light weight and instant access to whole libraries of e-books, but a new analyst report suggests the devices could eventually prove bad news for the publishing industry as a whole.
“The book publishing industry has entered a period of long-term decline because of the rising sales of e-book readers,” reads an April 28 research note from IHS iSuppli, which predicted a decrease in book revenue at a compound annual rate of three percent through 2014—a reversal from the period between 2005 and 2010, when revenue rose.
For the traditional book publishing industry, the implications of the rise of the e-book and e-book reader markets are frightening, given the decline in paper book printing, distribution and sales,” Steve Mather, IHS iSuppli’s principal analyst for wireless, wrote in an April 28 statement. “The industry has entered a phase of disruption that will be as significant as the major changes impacting the music and movie business.”
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