To anyone in the book industry who has failed to accept that the digital revolution is due to hit books bigtime – the latest sales figures will come as a bit of a shock.
The Association of American Publishers has estimated that e-book sales from 16 reporting companies jumped 115.8% this January, most likely because of all the e-readers bought as gifts over the Christmas season. Meanwhile, paperback book sales were down 30.9% in January.
This follows the news that international bookstore Borders has announced another 75 store closures, in addition to the 200 announced last month when it filled for bankruptcy.
Borders is an example of a publisher who ‘didn’t get it’ when it came to digital, just like Blockbuster ‘didn’t get’ the change to how people were watching films. Books will feel the full force of the digital revolution just as music, film and news have already.