Sharp to Sell Its Own E-Reader
Sharp is the latest company to enter the e-book market, playing catchup to Amazon.com's (AMZN) popular Kindle. On Monday, Amazon announced that for every 100 hardback books it sold in the past month, it rang up 180 e-books. Electronics titan Sharp will also be going up against brick-and-mortar bookseller Barnes & Noble's (BKS) e-reader Nook and Apple's (AAPL) highly touted iPad, among others. The competition has already reached a point where e-reader pioneer Amazon.com is having to slash its prices on the devices by 30%.