Report: E-reader sales plunge as tablets take over

Report: E-reader sales plunge as tablets take over

Credit: AFP/Getty Images

A visitor holds a Kobo ebook reader in his hands in his hands during the 62nd International Book Fair in Frankfurt am Main, on October 6, 2010. Publishers and authors at the world's biggest book fair are battling to entice a new generation of readers with the latest multimedia products. The 62nd edition of the fair runs from October 6 to 10, 2010. AFP PHOTO / DANIEL ROLAND (Photo credit should read DANIEL ROLAND/AFP/Getty Images)

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KMOV.com

Posted on December 13, 2012 at 10:43 AM

Updated Monday, Oct 14 at 5:56 PM

NEW YORK (AP) -- Sales of dedicated e-reading devices like the black-and-white Kindles are in an "alarmingly precipitous decline" this year after five years of rapid growth, research firm IHS iSuppli says.

   Full-blown tablets with color screens are behind the decline, the firm says. Amazon.com Inc. now sells tablets under the Kindle brand, and Barnes & Noble Inc. has added tablets to its Nook e-reader line.

   IHS expects shipments of e-readers to fall from 23.2 million last year to 14.1 million this year.

   The rapid rise and now rapid decline of e-readers is unusual even for the volatile consumer electronics industry, says IHS analyst Jordan Selburn, but it's indicative of the broader trend of single-purpose devices like e-readers and cameras losing out to general-purpose ones like tablets and smartphones.
 

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