Out with the “e,” in with the “book.”
Continuing a recent trend, e-reader sales have continued to drop from their 2012 high — to the point of affecting overall revenue at major publishing houses, according to TechCrunch. Publishing giants Penguin Random House and Simon and Schuster shed an average 8.8% of their total profit in 2014, TechCrunch reports, and e-book sales at both houses are a big part of that loss.
It’s the extension of a gradual pushback against e-readers: Whether it’s bookworms at Mashable pointing outthe future irrelevance of the platform or the Guardian declaring predictions of their death (a little) prematurely, e-books are no longer guaranteed to be the future of reading. But regardless of how close e-readers are to the grave, there’s no doubt that they’re headed the wrong direction — to the benefit of traditional hardback and paperback books.
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Though there will likely continue to be sales spurts for e-readers — especially around holiday gift-buying times, as GeekWire noted in December — this trend downward for e-books is likely to continue. As Mic noted in September, that’s great news for those who love the printed word: Print books have been shown to lead to better comprehension and health for readers.
Link to the rest at Arts.Mic and thanks to Bill for the tip.