Saturday, March 23, 2013

The Pendulum Continues To Swing Toward Digital Books!

In “Barnes & Noble Cuts Back Simon & Schuster Titles,” a recent Wall Street Journal article, Jeffrey A. Trachtenberg covered ongoing tensions between the bookstore chain and the publishing giant.  Included within the piece were some interesting statistics:

The disagreement comes as readers increasingly embrace e-books. At Simon & Schuster, for example, digital-book sales grew 24% in the fourth quarter, even as total publishing revenue fell 6%. Digital books represented 24% of total publishing revenue that quarter, up from 18% a year earlier.”

While hard copy editions will not go the way of the dinosaur, it seems increasingly obvious that the market share of digital books will continue to increase!