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Goldman Sachs predicts increase in ebook sales

April 13th, 2010 by Nate Hoffelder · No Comments · opinion

And in other news, water is wet.

From Business Week:

U.S. book sales will rise 5.8 percent through 2015 as more people buy digital versions for Apple Inc.’s iPad and Amazon.com Inc.’s Kindle, even as traditional book sales drop, Goldman Sachs Group Inc. said.Industrywide sales will increase to $24.9 billion in 2015 from $23.5 billion this year, Goldman Sachs analyst James Mitchell said in a report today. E-book sales will jump more than fourfold in the period to $3.19 billion while print book sales probably will fall 4.9 percent to $21.7 billion, he said.

Apple’s share of the e-book market will surge to 33 percent in 2015 from 10 percent this year, said Mitchell, who wrote the report with analysts Ingrid Chung, Fred Krom and Jordan Monahan.

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