Juniper Research reports that digital books in 2011 earned about $3.2 billion in revenue and is expected to triple to $9.7 billion by 2016 according.
“Readers are showing increasing loyalty to digital book and the e-book market is developing very fast, with consumer attitudes and behaviors changing over course of months, rather than years.” says Angela Bole of Book Industry Study Group.
But it doesn’t spell the demise print publishing. Some analysts believe print for newspapers will become extinct and magazines need to figure out the balance between print and digital.
