Tablets, e-readers closing book on ink-and-paper era
SAN FRANCISCO: Tablet computers and electronic readers promise to close the book on the
ink-and-paper era as they transform the way people browse magazines, check news or lose themselves in novels.
Online retail giant Amazon has
made electronic readers mainstream with Kindle devices, and Apple ignited insatiable demand for tablets ideal for devouring online content ranging
from films to magazines and books.
In 2011, digital books earned about $3.2 billion in revenue, an amount that the combined momentum of
e-readers and tablets is expected to triple to $9.7 billion by the year 2016, according to a Juniper Research report.
Readers are showing
increased loyalty to digital books, according to the US Book Industry Study Group (BISG).
Nearly half of print book buyers who also got digital
works said they would skip getting an ink-and-paper release by a favorite author if an electronic version could be had within three months, a BISG
survey showed.
"The e-book market is developing very fast, with consumer attitudes and behaviors changing over the course of months, rather
than years," said BISG deputy executive director Angela Bole.
Concerns about e-book reading are diminishing, with people mainly wishing for
lower device prices, according to the survey.
Owning e-readers tended to ramp up the amount of money people spent on titles in what BISG
described as a promising sign for publishers.
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