Electronic Device Stirs Unease at BookExpo

The Kindle has publishers worried that Amazon will use the popularity of the device to drive down prices. I, on the other hand, don’t share that concern. Also, good data in this article pointing to real growth in the electronic book segment of the industry.

Nearly all publishers say their sales of electronic books are growing exponentially. Carolyn K. Reidy, the chief executive of Simon & Schuster, said its sales of electronic books will more than double this year compared to last year, after growing 40 percent in 2007 from 2006. David Shanks, the chief executive of Penguin Group USA, said his company sold more electronic books in the first four months of 2008 than in all of last year.

[From Electronic Device Stirs Unease at BookExpo – NYTimes.com]