3. Ebooks and Digital Technology
The Christmases of 2010 and 2011 changed British writing and
publishing forever. Prior to this, there had been much hype and
discussion of ebooks dating back to the late 1990s. In truth, it had never
taken off, although a Sony and Waterstones partnership in 2008 was a
valiant effort. Instead it was when Amazon put serious muscle behind
its UK Kindle, and those devices became the Christmas present of
choice, that ebooks really started to move. Their impact on the structure
of the UK market was far reaching.
Amazon, of course, had been a presence in the British book trade for
many years prior to the launch of the Kindle. Their market share had
been growing steadily, but the Kindle gave it rocket boosters. Although
there were many other entrants to the ebook market at the same time
as Amazon, notably Apple iBooks, Kobo, Barnes and Noble’s Nook,
Sony and Google Books, all the available data shows that Kindle was by
some distance the biggest single retailer of ebooks with between 75%
and 90% of the market. Many had expressed scepticism that ebooks
would take off, but in the years after 2010 ebooks came to be a larger
and larger proportion of the market. When we look at print sales figures
in the period 2010–2016 therefore, part of the reason numbers have
remained so depressed appears to be because readers have migrated to
ebooks. This helps to explain both the ongoing depression despite the
general economic recovery, and how publishers have maintained and
even increased profitability over those years.
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