The other day I was talking with a gentleman who told me that after he got a tablet, he quit reading print books altogether. He asked me if I read digital books. I told him that I still had a strong preference for print books and that is mostly what I read. He then told me that his wife reads about half print and half digital.
This gentleman shared that one of the things he liked the most about digital reading was the ease of purchase. If someone told him about a book, he could pull out his tablet and immediately buy the book.
Interestingly, the three of us (this gentleman, his wife, and myself) made up the profile of book readers. Print is still by and large the most popular way people read. However, the number of hybrid readers (those reading both print and digital) and digital-only readers is growing.
The big question that keeps being asked is: “When will ebooks surpass print books?”
Pricewaterhouse Coopers (PwC) recently published its annual “Entertainment & Media Outlook.” In this report, PwC predicted that the U.S. ebook market will surpass the printed book market in 2017.
PwC also predicts that overall revenue from book sales will stay below the 2008 sales level. This stagnation of revenue is not because people are reading less, but mostly because the average selling price for ebooks is lower than for printed books.
What do you think? Do you agree with this prediction?