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Wednesday, July 21, 2010

RIP Cool-er?

Originally written for eBookGuru - The Digital Magazine Devoted to eBooks

I first wrote about the Cool-er eReader (Price Matters) about a year ago but even then the prognosis didn’t sound good, especially after Wired Magazine paned the reader.

“Cool-er E-Book Reader Leaves Us Feeling So Very Cold”

The one thing that the Cool-er did have going for it was price but with the recent proliferation of eReaders that apparently wasn’t enough, especially with the way the increased competition has resulted in a price war of sorts.

There’s hasn’t been much press on the Cool-er since it’s release - the release of the iPad from Apple, not to mention the Nook and the Kobo eReader - seemed to have dominated the news. However a quick search seems to indicate that the problems that plagued the Cool-er weren’t fixed.

As a result, while it is disappointing to learn that Interead, the company behind Cool-er, has been ordered to to wind-up it’s business, it is not all that surprising. eReaders and eBooks are a tough sell and a substandard product just won’t cut it - not unless the price differential is substantial.

The AAP - Association of American Publishers - reports in their May Statistics Press Release

“Year-To-Date E-book sales of the 13 submitting publishers to that category currently comprise 8.48 % of the total trade books market, compared to 2.89% percent for the same period last year”

Clearly eBooks are becoming more popular, helped in large part by the publicity surrounding the iPad and Apple’s foray into the eBook market with iBooks. With almost 300% growth year over year, there is obviously room for more than many players in the eBook market.

Unfortunately it appears that Cool-er will not be one of them.

posted by David at 1:01 am  

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