Peter Kafka

Recent Posts by Peter Kafka

E-Book Sales Booming, Now 9 Percent of Total Sales (And Still Small)

Data point of the day, from the Association of American Publishers: E-book sales are up 193 percent so far this year, and now comprise nine percent of all books sold.

J.P. Morgan’s Imran Khan puts that in context via this helpful chart. Remember that e-book sales didn’t really exist until the late fall of 2007, when Amazon introduced the first (really mugly) Kindle. And recall that Apple only entered the market in April of this year. So you can see where this is going (click to enlarge):

The caveat: The book market just isn’t that big. U.S. e-book sales to date are just $263 million, which means people have spent more money going to see “Clash of the Titans” and “The Expendables” this year than they have on digital ink.

Oooh! Great opportunity to show a clip from the best Elmore Leonard movie adaptation, hands down:

Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik