Google e-bookstore to take on Amazon
Google Editions will be the storefront for the company's digitial publishing business, the latest in its wide variety of offerings.
Google (GOOG) wants it all. From Google TV to its recent rumored Groupon acquisition plan and even to alternative energy, there is no corner of the modern world that the technology company isn't looking to get its fingers into.
Now the company is gunning to replace Amazon.com (AMZN) and Barnes & Noble (BKN) as your bookstore of choice.
Google Editions, Google's commercial electronic bookstore that was expected to launch earlier this year, will finally open for business, according to a Wall Street Journal report. The digital bookstore will launch this month in the United States and during the first quarter of 2011 in the rest of the world, says Google product management director Scott Dougall.
- Related Article: Survey says iPad torching Kindle in e-reader market share
How will Google compete with services like the Apple (AAPL) iBookstore and the e-book business's 800-pound gorilla, Amazon's Kindle store? By opening book sales not just to other platforms but to other retailers as well. Google Editions will allow customers to set up an account tied to an existing Google account (Gmail, Google Docs, etc.).
- Related Article: Sony patents hint at Vaio, PSP upgrades
The user can then purchase titles directly through Google as well as independent bookstores -- the American Booksellers Association says as many as 200 independent booksellers could join Google Editions -- that host their wares through the service. Purchased books can then be read on any platform with a Web browser, whether it's a desktop computer, an iPad, or even (presumably) a Kindle.
Provided they can offer a competitive selection of titles, Google Editions' e-bookstore model could wrench away some of Amazon's 65% control of the market.
Related Articles:
MORE ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
LATEST POSTS
All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
FIDELITY VIEWPOINTS
- How to sell covered calls - Fidelity Investments
- Savvy year-end tax moves to consider now - Fidelity Investments
- Seven ways to prepare for tax changes
- Five reasons an annual review is crucial - Fidelity Investments
- Take a look at mid caps now - Fidelity Investments
- State of the sector: Health care - Fidelity Investments
VIDEO ON MSN MONEY
ABOUT
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
