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.

Author
Recent Posts

Kyith

Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.

Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.

Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.

You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.

His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.

You can read more about Kyith here.

Share this: