In 2010 ereader prices fell close to $100 and 10.5 million people in the US own a dedicated ereader. New reading form factors were introduced. Tablets in about 10 million US hands right now – primarily the iPad. A third of the people who own an iPad own a Kindle. Nearly $1 billion was spent on ebooks in the US alone.
In 2011 20+ million people will read ebooks on a reader or tablet. $1.3 billion will be spent on ebooks at the bare minimum. They can’t even forecast the impact on non-traditional eformats.
Are publishers ready? Surveyed publishing execs to find out. 89% optimistic about digital transition; 74% say readers will be better off; 66% say people will read more; 83% say their companies can manage digital transition; 63% say have a digital plan in place; 80% believe their company needs significant retraining.