Consumer Electronics
Amazon (AMZN) Sales Versus The Gutenberg Bible
Published:
Last Updated:
The advent of the printed book is usually traced back to The Gutenberg Bible in 1455. People have been used to reading the written word on paper ever since.
Based on new accounts, Amazon (AMZN) will release a new version of its electronic book reader, the Kindle, sometime this week. Many analysts believe that it will be a multi-billion dollar product for the e-commerce company. That may not be true.
The Kindle could turn out to be the most recent incarnation of the hula hoop, a novel product that sold well in the late 1950s and then disappeared. Amazon may have a big seller on its hands, but it is just as likely that it will be a bust. Changing people’s long held habits may be harder than Amazon expects.
Douglas A. McIntyre
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
