The digital revolution has caught up with, stomped and overtaken traditional publishing (TP) according to the latest report from the Association of American Publishers (AAP).
AND, this conquering of TP has occurred one year earlier than previously forecasted by industry analysts! How bout them apples?
Of course, anyone who wasn’t in denial saw this coming…the crowning of the e-book as the single bestselling format in American publishing. We just didn’t see it charging so fast!
Welcome, King “E”…how can we serve thee? Or, better yet, how will you serve us? Cheaper prices, faster delivery, more publishing opportunities, etc., etc.?
I sincerely hope there is an infusion of real money in there somewhere…
Now these details from T3, The Gadget Website:
Ebook sales overtake US paperbacks for the first time
US figures show huge consumer demand for e-readers
The digital revolution continues apace in the old-tech world of publishing. In the US, the eBook has become the single bestselling format in American publishing for the first time, a year ahead of analysts forecasts.
The report from the Association of American Publishers, showed February’s eBook sales were $90.3m (£55.2m), compared to $81.2m (£49.8m) in paperbacks, a leap of 202.3% on the same time last year. Philip Jones, deputy editor of the Bookseller, believes that the UK is set to follow the US trend in the take-up of the technology, “the UK are a year behind but they are catching up quite fast.”
Despite the challenge of the rapidly expanding tablet market, many of which come pre-loaded with an e-reader, the figures show standalone eBook readers have carved out an important niche in a hugely competitive marketplace. Their popularity is down to choice – there are over a million free books on the Amazon Kindle – as well as a lower price-point than tablets, speedy downloads and portability.