SEARCH
« Stocks Shift Downward on Oil Concerns | Main | Bank of America Debit Fee Plan Led to 20% Jump in Closed Accounts »
Monday
Jan232012

Tablet Devices Taking Over in 2012

Amazon(WASHINGTON) -- The number of U.S. adults who own a tablet device nearly doubled after the holiday season from 10 percent to 19 percent, according to the Pew Research Center.

Measured from mid-December to mid-January, the impressive increase in tablet ownership means that approximately 29 percent of American adults now own either an e-reader or tablet device -- up from 18 percent in December.

While the increase in digital readers may make a few publishing companies nervous, at least two companies are celebrating the news. Both Amazon, which makes the Kindle Fire, and Barnes & Noble, which makes the Nook tablet, also saw a large increase in sales compared to the previous year.

According to Amazon, the company sold four times as many Kindle devices as it sold on Black Friday in 2010, in part due to the introduction of the Kindle Fire.

At Barnes & Noble, the Nook tablet saw a 70 percent increase in holiday season sales from the previous year, according to the company. As a result, Barnes & Noble is currently looking to capitalize on the digital sales by possibly spinning off the Nook division.

While success of the tablet and e-reader devices may seem like the death knell for small bookstores, the American Booksellers Association actually reported an increase in profit for independent bookstores during the holiday season, including a 15.5 percent increase in sales during the Black Friday shopping period. It remains to be seen if these customers will continue shopping in the New Year.

Copyright 2012 ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio