By: Ellen Duffer
Arabic version here.
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E-books revenues were down in March, according to the Association of American Publishers. The group, which releases data collected from 1,372 publishers each month, reports that e-book revenues decreased 4.5% in the period of January through March of 2019 over the same period in 2018; January through February saw revenues decrease 3.5% over the same period in 2018.
This news is on-trend for the market, which has seen decreases reliably for years now. The initial fervor over e-books quickly faded.
E-book revenues, however, still make up a large part of overall publisher revenues. In the first three months of this year, e-books brought in $255.9 million in revenues, compared to $510.1 million from hardback books, $536.7 million from paperback books, and $98.7 million from downloaded audio.
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Downloaded audio is, on the other hand, on a steady rise. Revenues for the first three months of this year were up 35.3% over the same period last year, compared to 36.5% in the first two months of this year over last year.
It will be a long time before audio sales overtake e-book sales--or, for that matter, before e-book sales render the format "dead." For now, it's clear that readers are enjoying a variety of formats at a variety of price points.
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