A Waste Of Effort: Amazon (AMZN) To Market Books On Apple (AAPL) iPhone

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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apple-logo11The Apple (AAPL) iPhone may be good for a lot of things, but reading electronic books is not one of them. The screen on the device is so small that trying to read “War and Peace” would make most people over 30 go blind.

That is not stopping Amazon (AMZN) from marketing its ebooks on the Apple handset.

According to The Wall Street Journal, “Amazon.com Inc. plans to release a program Wednesday for reading electronic books on Apple Inc.’s iPhone, extending Amazon’s sales of digital books to devices beyond its Kindle e-book reader.”

Magazine and newspaper publisher Hearst recently released its own publication reader and Dow Jones is marketing products to allow people to see The Wall Street Journal on the small screen.

So far, Amazon’s sales of its Kindle ebook reader have been modest. Estimates put units sold in the fourteen months since the device was introduced at 500,000. That’s not much for a product endorsed by Oprah.

Analysts would be wise to remember that most books are read by old people. Readers under 30 are scarce. They were raised on spending time on PCs and playing video games. Many are under-educated and can barely read at all. Asking people who wear reading glasses to spend a lot of time trying to make it through a book using a small screen is not much of a business.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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