According to a report published by the Association of American Publishers (AAP), publishers now earn more on ebooks than hardcover books.
The report said that the sales revenue (net) from ebooks is more than the sales of hardcover books during the first half of the year. This is the first time that digital copies of titles sold more than printed ones. Data was compiled from a number of publishers but didn’t include children’s books.
Adult ebooks that were sold earned $282.3 million during the first quarter. It is a 28.4% increase from the same time a year ago. Young and children’s ebooks sales increased by 233%, earning $64.3 million during the same period. Adult hardcover books on the other hand, grew a modest 2.7%, earing $229.6 million dollar during the first quarter.
Books on paperback continue to rise, raking in $299.8 million during the first quarter of the year. Though figures suggest that’s in a decline.
Audiobooks grew in a better rate, gaining 32.7% to $25 million dollars during the first half.
These changes in the buying style of consumers are highly attributed to the influx of digital devices, such as ebook readers, tablets and smartphones.
Would you rather buy ebook or do you value printed books more than the latter?
Image Source: geeky-gadgets.com