With Amazon reporting that ebooks are the top selling books on Amazon, this doesn’t surprise me:
The percent of U.S. adults with an e-book reader doubled from 6% to 12% between November 2010 and May 2011. Hispanic adults, adults younger than age 65, college graduates and those living in households with incomes of at least $75,000 are most likely to own e-book readers. Parents are also more likely than non-parents to own these devices.
I find myself reading more books now that I have ebooks. The ability to take all of my books with me on my iPad, wherever I go, lends it self much better to spontaneous reading. I also really like how my iPhone syncs with my iPad, and I can read a book for a few minutes if I get bored (when my wife is shopping or when I’m waiting for a drink order).
I believe that physical books — particularly well-done hardcovers (higher end than a standard one) — will become collectors items for people really interested in a particular book. A display item of sorts. For most other reading, ebooks will be the way to go.
That’s my new model.