Wednesday, May 5, 2010

Google entering e-Book Market

Google recently announced that they plans to start selling e-books through its Google Editions store. The new Google e-books store is supposed to launch in mid-June or July.

Google is attempting to go after Amazon and Apple to capture a share of the e-book market. In the Google Editions store, Google will let users buy e-books they find through searches. Similar to Amazon and others, Google will set up revenue-sharing systems with publishers.

If the affiliate revenue sharing program commissions are competitive or higher than Apple or Amazon, Google may do very well. Only time will tell. The e-book and e-reader market have really started to take off with the kindle and apple ipad gaining in popularity every day.

According to Credit Suisse the e-book market is still embryonic, estimating it at just 1% of book sales. They have projected it to grow to 3% by the end of 2010.

I'm sure there is more to unfold on this story, so stay tuned!!!

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