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Contributed by mm | August 22, 2005 3:04 PM PST
The change of market forces is a good lesson.
From New York Times:
That statement would have been unthinkable a few years ago. In 2000, sales of educational software for home computers reached $498 million, and it was conventional wisdom among investors and educators that learning programs for PC's would be a booming growth market.
Yet in less than five years, that entire market has come undone. By 2004, sales of educational software - a category that includes programs teaching math, reading and other subjects as well as reference works like encyclopedias - had plummeted to $152 million, according to the NPD Group, a market research concern.
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