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Amazon just announced that it is now offering publishers and authors a new 70% royalty option. Publishers and authors who choose this option will receive 70% of the list price from sales of their e-books in the Kindle store. In order to qualify for this option, publishers have to turn on the text-to-speech feature and make the e-book available in all locations for which the author or publisher has rights. In addition, publishers also have to sell the e-book for at least 20% below the price of the physical book and can't charge more than $9.99 for the Kindle edition.
Copia, a new e-book platform, plans to take on the big players in the market by launching its own e-book store and a set of touchscreen e-readers. Copia also wants to combine numerous social networking features with its e-book platform and plans to sell its services to original equipment manufacturers (OEM). Copia's e-book store will offer over 250,000 books from over 1,500 publishers, as well as 1,400 newspapers and over 750,000 free books from Google Books.
Amazon just announced that November was its best month ever for Kindle sales. This excludes sales from today's so-called Cyber Monday. According to Amazon, the $259 Kindle is the "most wished for, the most gifted, and the #1 bestselling product across all product categories on Amazon." Barnes & Noble is also seeing strong demand for its new nook e-reader, but is unable to fulfill current orders before Christmas. The company has also delayed shipments to its stores until December 7.
Amazon just released a free e-book reader application for Windows PCs. The Kindle for PC application allows Amazon customers to read Kindle books on their Windows XP, Windows Vista and Windows 7 machines. A Mac version will follow soon. The application was clearly designed to work on a wide variety of computers and works especially well on netbooks and touchscreen devices. Besides being capable of working with Amazon's proprietary e-book format, the app can also display e-books in the .mobi file format.
Barnes and Noble will launch its rumored Nook eBook reader later today at an event in New York City. Thanks to an early leak of the device on the B&N Web site, however, we already know most of the details about the Nook. We can now confirm, for example, that the Nook will retail for $259 and that it will feature two screens: a small LCD touchscreen at the bottom of the device and a standard 6-inch eInk display above the smaller screen. The Nook will be available for pre-order today and will ship on November 30. One of the most interesting aspects about the device, besides the two screens, the 2 gigabytes of on-board memory and the microSD card slot, is that B&N will allow users to lend books to their friends.
You could write a novel in binary, but it's hard enough getting people to pay attention to your words in plain English. Futurists and programmers like Paul Graham, Eric S. Raymond and Ray Kurzweil may be prolific thinkers, but if they hadn't bothered to write down their ideas, many of us would have never found them. All of us have stories to tell, and Fast Pencil offers us a chance to format and publish them.
There can be little doubt that eBook and eReaders are having a breakout year. Today, Forrester Research moved its original projection of 2 million US eReader sales in 2009 up 50%. Forrester now expects that 3 million eReaders will be sold in 2009 and that 30% of these will sell during the holiday season. Forrester analyst Sarah Rotman Epps argues that sales are growing much faster than expected because of falling prices, better retail distribution, and the media buzz that currently surrounds eBooks and eReaders. For 2010, Forrester projects eReader sales of up to 10 million.
When Barnes & Noble launched its eBook store, it immediately attracted a lot of potential customers. According to Compete's Dillon McGovern, more than four times as many people visited the eBook section on B&N's website than the Amazon Kindle store during the first week after the launch in July. After just about a month, though, these numbers returned to normality and today Amazon once again leads the pack by a very wide margin. While B&N was able to attract a lot of interest in its new eBook offerings, it was clearly hurt by the fact that it didn't offer users a hardware eReader yet.
Even though some people are seriously asking this question today, the answer is obviously a resounding "no." There can be no doubt that The Lost Symbol, Dan Brown's sequel to the immensely popular Da Vinci Code, will sell extremely well on the Kindle and may easily turn out to be the bestselling fiction title on the Kindle of all time. The fact that the Kindle edition is currently outselling the hardcover edition on Amazon hints at some of the advantages eBooks have over regular books, but there can be no doubt that the paper editions of The Lost Symbol will easily outsell the eBook version.
EBooks and eReaders are a hot topic right now, especially with the new line-up of Kindle competitors scheduled to arrive before the holiday season. However, according to a new report by Forrester Research's Sarah Rotman Epps, most people aren't willing to pay a lot for these devices. Forrester asked consumers at what price they would consider an eReader expensive but still buy it. The answer was generally somewhere between $50 and $99.