Over the course of the last twelve months major publishers have all reported that e-book revenue has begun to plummet. This downward trend has continued into 2016, as HarperCollins, Simon & Schuster, and Hachette have all reported diminished revenue.
Simon & Schuster has just released their quarterly financial results and e-book sales accounted for just 21% of total publishing revenues in the fourth quarter, down from the 24% they accounted for in the same quarter a year earlier. The publisher also acknowledged that digital might be down, but they have seen an 8% increase in sales, due to print.
HarperCollins on the other hand mentioned that e-book revenue dropped by 5%, compared to the same quarter last year. Digital sales now represent 16% of HC’s consumer revenues in the quarter, which has a 1% drop from the same period last year.
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