Kindle Sales point to a world where SPH will have lower sales
I know there are a lot of fans of Singapore Press Holdings as a dividend stocks. I for one have not read a newspaper from them for some time.
I read mostly information from the web, which is less bias compare to what they put out.
I do know that most of my friends still subscribe to Straits Times. While the ebook revolution brought about by the iPad and the Amazon Kindle will not kill them outright, the younger group of sophisticated users would likely look for news sources elsewhere.
Press to me is a dying business.
According to a press release, 143 Kindle books have been sold for every 100 hardcovers in the past three months, and that ratio is a more impressive 9:2 if you only look at this past month. Before you start asking about the obvious caveats, the data both include sales of hardcovers where no Kindle equivalent exists and exclude free Kindle downloads — meaning if those weren’t considered, the ratio would be even greater.
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