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Will The Kindle Kill The Textbook?

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May 08, 2009 – Comments (7) | RELATED TICKERS: AMZN

For reasons I won't go into here, I have become aware of the price of college textbooks after ignoring them for decades. Youch those things are expensive!

Now I understand that the problem is the (relatively) small press runs. (It sure isn't outrageous payments to the authors.) So this is why I'm wondering if there isn't a better way to do this.

The Kindle (or something like it) would seem like a natural way to distribute textbooks. The setup would be about the same as the pre-press setup, but the distribution would be almost free compared to the printing charges. So by distributing the texts electronically, the publisher could raise the fee to the author, drop the price and still have fatter margins. It would also deal with the problem of having inventory that became almost worthless when an updated version was published.

The downside to this is that reading on a screen is still harder on the eyes than black ink on white paper. It would also disadvantage very poor people who could not afford the Kindle. (Athough given the way that laptops have dropped in price this may not be a problem much longer.) You'd also need some reasonable DRM so that if your kindle got dropped in the bathtub you could still get all your books back without having to re-buy them.

I doubt it will be the Kindle itself that superceeds the textbook, but the Kindle's great grandchild just might do it.

Chris - no position in Amazon, but I got to play with a first gen Kindle

7 Comments – Post Your Own

#1) On May 08, 2009 at 4:09 PM, Rehydrogenated (35.15) wrote:

Texbooks cost me around $300/semester which was low compared to what my friends paid for theirs. Two semesters worth of textbooks is more than enough for a new laptop. If this is one of your first semesters i would suggest looking for torrents of what you need, then you can download them for free ;)

 Oh wait...I just figured out why publishers don't want to go digital...

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#2) On May 08, 2009 at 4:12 PM, russiangambit (30.00) wrote:

I've been on ebooks for the last 3 years. at least. Using pocket PC, laptop and iphone. So, eventually I think ebooks will replace paper ones. But not any time soon.

I looked at Amazon's Kindle. I think their previous versio was better. Their latest version is too big and too expensive. Did you notice, AMZN fell after the release?

In regard to textbooks, - students tend to buy used ones and then resell them again. You can't resell an ebook.

However, if you already paying 20-30k a year, then I think Kindle expense is not too much. However, while ebooks are great for reading, they are not convinient for studying. It is hard to bookmark pages, make highlights etc.

The bottom line, we'll get there, but technology is not there yet, may be another 5 years.

 

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#3) On May 08, 2009 at 5:32 PM, portefeuille (99.75) wrote:

I have bought some 500 textbooks so far (mostly "used" ones, but the current value of the money "invested" is in the area of $15000).

average number of pages: ca. 300 -> 150000 pages

I have read maybe 10% of the text:  -> 15000 pages

30 minutes / page (mostly mathematics and theoretical physics, I am faster reading a newspaper ...)

-> 7500 hours reading -> 2 $/h.

seems fair ...

Now that ebooks take over (and considering they (and their content) have aged by around 5 years on average) I would have a hard time selling them for more than $ 2000. I will keep them. I guess they are my equivalent of a record collection ...

 

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#4) On May 08, 2009 at 5:55 PM, 100ozRound (30.55) wrote:

My girlfriend is in law school and she has sooo many books that she has to lug around on campus.  Imagine if she could reduce 50 lbs worth of textbooks into mere ounces....

I think that is a huge benefit that most people are overlooking....

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#5) On May 29, 2009 at 5:54 PM, portefeuille (99.75) wrote:

hey, we are very nicely correlated as of late: 1 ...

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#6) On May 29, 2009 at 6:12 PM, NOTvuffett (< 20) wrote:

This is off topic but my fellow fools may find this amusing- a few years ago I had a break in at my house while I was at work.  Among the items they took were all of my books.  I was like, "What kind of crackhead steals books?!", lol.

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#7) On May 29, 2009 at 6:44 PM, portefeuille (99.75) wrote:

it was not me but actually the books might be the only "valuable" stuff other people have. If only they would read them ...

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