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Online retail giant Amazon made electronic readers mainstream with Kindle devices and Apple ignited insatiable demand for tablets ideal for devouring online content ranging from films to magazines and books. The combined momentum of e-readers and tablets will push annual revenue from digital books to $9.7 billion by the year 2016, more than tripling the $3.2 billion tally expected this year, according to a Juniper Research report.
Readers are showing increased loyalty to digital books, according to the US Book Industry Study Group (BISG). Nearly half of print book buyers who also got digital works said they would skip getting an ink-and-paper release by a favorite author if an electronic version could be had within three months, a BISG survey showed.
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