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.
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.
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. 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 Morningstar Inc.
John Stumpf acknowledges that growth has been slow, but he says he's still optimistic.
VIDEO ON MSN MONEY
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.