Report: E-reader sales plunge as tablets take overAssociated Press
NEW YORK—Sales of dedicated e-reading devices like the black-and-white Kindles are in an “alarmingly precipitous decline” this year after five years of rapid growth, research firm IHS iSuppli says.
Full-blown tablets with color screens are behind the decline, the firm says. Amazon.com Inc. now sells tablets under the Kindle brand, and Barnes & Noble Inc. has added tablets to its Nook e-reader line.
IHS expects shipments of e-readers to fall from 23.2 million last year to 14.1 million this year.
The rapid rise and now rapid decline of e-readers is unusual even for the volatile consumer electronics industry, says IHS analyst Jordan Selburn, but it’s indicative of the broader trend of single-purpose devices like e-readers and cameras losing out to general-purpose ones like tablets and smartphones.
Recent Stories:CCP’s ‘Musikal!’ brings musicals and performing artists together in ‘show of force’ 17 mins elapsed Thumbs up for ‘Middle Finger’ 18 mins elapsed Michael Williams ‘Never Felt Better’ in ‘Triple Threats’ 34 mins elapsed PH money supply growth slowed down in July 38 mins elapsed In the know: Filipino peacekeepers 43 mins elapsed Aboitiz eyes P2.7B in sale of treasury shares 53 mins elapsed Aquino visits Mindoro with P10-B projects 1 hour elapsed Sugar output rose by 5.1% in first half 1 hour elapsed