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Books are, by in large, already portable. They are essentially a 'long format' and single-threaded medium. You're not going to read 15 chapters from 15 different books during your commute as you might with music. In addition, you're unlikely to read the same book over and over and over. They're also active in nature versus passive. My full argument is on my blog:
http://usedbooksblog.com/blog/amazon-kindle-sal...
I'm not saying eBooks don't have a place in the market, but I'm not sure it's large and I'm not sure it's now.
Just as you have digital camera specifically for taking pictures, there will (and should be) always be a device specifically for reading book. E-book readers do have a place in the market, and having an e-book reading app on the iPhone wont change that. Its just as having a camera on you phone, its good to have, but it wont ever replace your digital camera.
e-book vendors need to understand that by taking something away from me (the ability to loan the book to a friend, the ability to sell the book used, likely the ability to reread it 10 years from now) they've taken away probably half of the value of the book, so the price needs to be half.
The only publisher that actually seems to want to sell me e-books is Baen. As a result, they've gotten several hundred dollars of my money over the last few years.
E-books can succeed, I think, under two models. One is 'stop assuming that your customers are thieving scoundrels, because if they are, you can't win'. The other is to stop trying to weasel around the fact that any DRM-encumbered work that I "purchase" is really a rental, because there's no guarantee I can access it in the future. Instead, embrace this fact, and move entirely to the subscription model. Amazon claims that they have 170k works now available. Would I pay, say, $20 a month for access to whatever percentage of those are more than a year old? Given my current purchasing habits, you bet I would. And then DRM isn't a bug, it's a feature, for both sides of the transaction.
Well... not really, or at least not always. I buy the hardbounds or even the leatherbound from Easton Press. I often buy the eBook, from eReader.com with their discounts or bundles or after the price has dropped into the 3 - 5 US$ range. And as I look at my 2000+ books, I do have multiple special editions of some books or series.
I love books, and have since a neighbor gave me a Tom Swift Jr when I was 5. 'Tis just now, at 52, I truly prefer to read eBooks.
Lou
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