Analyst predicts Amazon’s downfall in e-book market due to competition

Despite the fact that Amazon was the first to launch a dedicated e-book reader and its device’s perfectly acceptable performance so far, one analyst has predicted that in the next five years, it will have to share the e-book market to competitors like Apple and Google.

Apple’s iPad may be all-purpose, but with its large screen and a dedicated e-book store behind it, it’s poised to become one of the Kindle’s biggest rivals. Meanwhile, Google already has its own e-book store, and although it doesn’t have any hardware to sell to potential buyers yet, it is reportedly working on a Chrome OS tablet with Taiwanese smartphone maker HTC.

With three of them (Amazon, Apple and Google) sharing the market, a prediction that each of them will have about 35% market share in the next five years isn’t that hard to believe. But in my opinion, five years is quite a long time (especially in the tech sector) and other companies like Asus, LG or Acer who are also reportedly working on their own e-book readers might advance and easily supplant any of the aforementioned three.

Via WSJ