Are Libraries Becoming a Thing of The Past?

I feel that Libraries are becoming obsolete, but I also feel there is a certain niche. I feel like it is a pretty awesome thing that I can go on my phone, search up a book, and download it in a matter of seconds, but I know for people such as my parents or even some of my friends they hate to read books on their phones or tablets and they would rather have a physical book to read. One of the biggest things the internet has over the libraries is that you will be able to get new information right away unlike at the library you can't get newer information untilit has been published and then brought to the library.