Introduction
Audible, Inc. was founded in 1995 and has been public since 1999. Their primary business is providing auditory sensation meat over the Internet. The topic provided includes digital speech sound editions of books, papers, and magazines, original audio field, and radio and television shows. Customers feces purchase any digital content and download it to their computers, mp3 players, PDAs, or Smartphones. Customers entertain the option of downloading content from Audibles web site (www.audible.com) or Apples iTunes web site (www.apple.com/itunes).
Analysis of Demand
People at once are crunched for time--working long hours, traveling, and commuting, but still try to keep balance in their personal lives. Port adapted entertainment devices incorporate well into such a fast-paced, multitasking lifestyle. Driven by the popularity of iPods, mp3 players, and Smartphones, a new market for audio books and other spoken enounce programming has emerged. In addition to audio books, magazine and newspaper companies now have an additional channel to market to an up to now wider audience.
For people who like to read but dont want to employ as much time to reading, hearing to audio books is a natural solution. While books on tape and CDs have been most for decades, they are increasingly being replaced by downloadable formats like mp3.
Interestingly, check to Audible, 50% of its customers--nearly 308,800 in the US have never bought an audio book on tape or CD. Technological advances have created this new market segment that recognizes the value of being able to listen to a book. Within the audio books market, downloadable audio content is the fastest growing segment. As the popularity of the iPod and other portable listening devices continues to grow, so too will the demand for audio books that can be downloaded directly to these devices and to PCs.
Audible, Inc. is currently the leader in the speedily growing...
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