Book industry: reports of its demise prove premature

Posted: January 28, 2008 in Books

Some non-cynical news about the book industry: “When Mr. Jobs was asked two weeks ago at the Macworld Expo what he thought of the Kindle, he heaped scorn on the book industry. ‘It doesn’t matter how good or bad the product is; the fact is that people don’t read anymore,’ he said. “Forty percent of the people in the U.S. read one book or less last year.” To Mr. Jobs, this statistic dooms everyone in the book business to inevitable failure. Only the business is not as ghostly as he suggests. In 2008, book publishing will bring in about $15 billion in revenue in the United States, according to the Book Industry Study Group, a trade association.” Read rest of article in the NY Times.

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