As Apple Bites E-Book Market, Should Amazon Go “Paperback”?
At Steve Jobs’ Apple (AAPL) Worldwide Developers Conference keynote on Monday, he dropped a stat that’s become the buzz of the publishing business. In the first 65 days that the iPad has been on the market with Apple’s new iBookstore, Apple customers have downloaded some 5 million e-books–and the company has captured a 22 percent share of the e-book market, he said. Presumably that count will go up when Apple releases its iBooks app for the iPhone later this month, too. There’s plenty of room for debate on what those sales statistics mean, exactly. Apple, like other e-book retailers, “sells” a lot of free e-books that would pad the tally. Also, there are many different ways to count the size of the publishing industry, depending on the sorts of books one includes. Gartner analyst Allen Weiner said it must have been based on “some sort of voodoo algorithm”, given the secrecy that surrounds sales figures in the publishing industry.
