The E-Book Revolution

More people are ditching printed books for electronic books according to Amazon.com . The online retailer said Thursday that, after less than four years of selling e-books, it’s now selling more of them than the old-school printed versions. It reports that since April 1, it sold 105 e-books for every 100 printed books.

Wedge Partners’ Brian Blair believes we’re going to continue to see a strong ramp up to e-books for Amazon. “I wouldn’t be surprised to see digital books make up 75 percent of overall book sales in the next three to five years to come.”

He also thinks it is certainly going to help the internet retailer’s margin. There are no storage or shipping costs whenever you move something digitally. But how by much is difficult to quantify.

“Could it be five to ten percentage points? It could over time,” Blair believes. “It really just depends on how quick that growth curve is over the years to come.”

And Blair says don’t count Barnes and Noble out of the e-book game. He pointed out that BKS’ Nook has more titles than Amazon’s Kindle, and the Nook's color version is more like a tablet.

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