Sony: E-Books Will Outsell Paper Versions in Five Years
Sony has predicted that e-book sales will surpass those of traditional books within the next five years.
Speaking to The Telegraph, Steve Haber, the head of Sony's e-reader division, said: “Within five years there will be more digital content sold than physical content. Three years ago, I said within 10 years but I realised that was wrong - it's within five.”
In light of current e-book sales, however, traditional book publishing houses believe Sony's claim to be far-fetched - currently, e-books sales account for less than one per cent of total book sales in the UK.
Publishing giants claim that it will take a lot more than five years for ebooks to overtake traditional books, as e-books have a much smaller user base to start from.
Even so, the growing pace of e-book sales and the launch of a number e-book readers, such as the Sony e-reader and Amazon Kindle, coupled with the availability of ebooks for Apple's new iPad through its iBookstore have all helped the fledgling market to expand.
Speaking to The Telegraph, Steve Haber, the head of Sony's e-reader division, said: “Within five years there will be more digital content sold than physical content. Three years ago, I said within 10 years but I realised that was wrong - it's within five.”
In light of current e-book sales, however, traditional book publishing houses believe Sony's claim to be far-fetched - currently, e-books sales account for less than one per cent of total book sales in the UK.
Publishing giants claim that it will take a lot more than five years for ebooks to overtake traditional books, as e-books have a much smaller user base to start from.
Even so, the growing pace of e-book sales and the launch of a number e-book readers, such as the Sony e-reader and Amazon Kindle, coupled with the availability of ebooks for Apple's new iPad through its iBookstore have all helped the fledgling market to expand.
Read more: http://www.itproportal.com/portal/news/article/2010/6/3/sony-e-books-will-outsell-paper-versions-five-years/#ixzz0pxXQ3xWv
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