Word: amazon
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...Amazon, the online retailing giant, did more than any other company to turn the sale of digital books into a real business with the 2007 launch of the Kindle electronic reader. The company has sold an estimated 1.7 million units of the handheld device in the U.S., and it's getting ready to ship millions more. On Oct. 6, Amazon announced that it would soon begin selling Kindles - complete with a key feature that allows users to wirelessly download e-books from Amazon - in more than 100 countries...
...Success breeds imitators. Amazon is about to be attacked by a squadron of would-be Kindle killers that are being brought to market by some of the biggest names in consumer electronics and publishing. To complicate the increasingly competitive landscape even further, Apple and, according to rumor, Microsoft are working on tablet computers that could prove to be handy e-readers but with more functions and features, such as video-display capability and full Web browsers. The year "2009 is a breakout year for e-readers," says Sarah Rotman Epps, an analyst with Forrester Research. "But we're still...
...more than a decade, but the devices weren't popular due to high cost, proprietary display formats and the reluctance of book publishers to sell digital versions of their best-selling titles. Now, just as digital music was driven into the mainstream by Apple's iPod and iTunes, Amazon's Kindle and online bookstore, which sells more than 350,000 titles, are proving there's a mass market for e-books. Total industry revenue from digital-book downloads has risen 149% this year, according to the Association of American Publishers, while e-reader sales are expected to reach 3 million...
...reason e-readers are getting traction is that competition is driving down prices. Amazon has cut the price of the Kindle by $100 over the past six months, to $259. As e-readers proliferate and price disparities narrow, manufacturers are trying to differentiate their products by adding features such as MP3 players and touch screens. The eSlick by Foxit, based in Fremont, Calif., allows users to listen to songs while reading. Asustek recently unveiled a prototype e-reader with two screens, which would more closely duplicate the traditional reading experience, although the device that the company expects to release later...
RUPERT MURDOCH, chairman of News Corp., hailing the prospect of electronic devices like the Amazon Kindle displacing newspapers, a process he estimates will take about 20 years...