Another week starts off with lots of news related to the Kindle, Amazon, and more -
Kindle and eReaders
- SmashWords now supplies books to the Kindle Store – Independent Authors can get 42.5% of their book sales by using SmashWords (that’s what’s claimed).
- Nathan Bransford talks about Top 10 eBook Myths. It’s very well written and denies me the opportunity to poke fun at it – How disconcerting that all 10 points are sensible ones.
- Lots of new eReaders debuting – Ditto, ECO, nReader, iRiver Story, ViewSonic VEB12. Is there really space for all of them?
- Not much in terms of Black Friday deals yet – Check out the current Black Friday eReader Deals and Black Friday Book Deals.
Also -
- It’s interesting to see that more news articles about the Kindle upgrade focus on the battery life increase than on the PDF support.
- People have started referring to Nook as ‘the color eReader’.
- We need a ban on awkward capitalization (no ‘n’ nook, no enTourage eDGe) and using indecipherable suffixes and prefixes (no VEB12, no DX).
Bookstores in trouble
- Barnes & Noble and Borders both announced atrocious results. It’s a good thing the Nook is selling – it’s B&N’s last great inappropriately named hope.
- B&N cut its forecasts due to, among other things, the high costs associated with accelerating Nook production schedule. High costs and they still couldn’t guarantee supply?
- GigaOm blogs about it, including this gem from CEO Stephen Riggio -
Barnes & Noble executives remain extremely bullish on the e-book and e-book reader category. “This will be a multibillion-dollar business for Barnes & Noble,” CEO Stephen Riggio said.
- The B&N CEO also talked about something Publishers don’t i.e. as channels solidify into one or two channels Publishers will be marginalized -
… the many barriers to entry facing new players … among them content acquisition and aggregation costs, rights management, …
“Digital content is going to be a much-less fragmented business than selling [physical] books,” - Borders had store sales fall 12.1% at Borders Superstores and 7.2% in Waldenbooks stores.
- Borders UK is about to go into administration – it has stopped taking customer orders on its website.
Three Distributors have also suspended supply to Borders UK over unpaid bills.
Amazon Vs WalMart
- Apparently, Amazon Vs WalMart is spreading beyond $9 hardcover books. New York Times has an interesting article with this fascinating snippet -
In the late 1990s, Amazon assembled at least some of its knowledge of retail supply chains by hiring away Wal-Mart employees. Wal-Mart sued, and the two companies settled privately.
- Cramer on Mad Money went so far as to call Amazon Wal-Mart’s Giant Twin Sister and also an ‘underestimated’ stock. Well, apart from it being priced for perfection, it’s totally underestimated.
Wal-Mart might have $400 billion dollars of revenue (compared to $20 billion or so for Amazon) – However, Amazon has way more insight into user behavior.
Will Kindle benefit from rivals being out of stock?
Obviously. The more interesting question is -
How much of an impact will the unavailability of the Nook and the Sony Reader Daily Edition have on Kindle sales?
There are so many possibilities –
- A ton of impact? Perhaps we’re talking 300,000-400,000 more Kindle sold.
- Some impact - A 100,000 more Kindles sold.
- Very little impact – 30,000-40,000 more Kindles sold.
My money is on 200,000 more Kindles sold due to the Kindle 2 being the last eReader standing.
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