Latest in Books

Image credit:

US book publishers now make more money from online sales than physical stores

Jon Fingas, @jonfingas
June 30, 2014
Share
Tweet
Share

Sponsored Links

Brick-and-mortar book stores have clearly been on the decline for a while -- just look at Barnes & Noble's rocky finances. However, there's now some tangible evidence that the pendulum has swung in favor of internet-based sales. BookStats estimates that US publishers made more money from online orders and e-books in 2013 ($7.54 billion) than they did from old-fashioned physical retail ($7.12 billion). While the difference isn't huge, it suggests that a large chunk of the American population is content with buying books that it hasn't seen in person.

There is a bit of a dark cloud to this silver lining, at least for the booksellers. BookStats notes that e-book sales jumped about 10 percent to 512.7 million copies, but revenue was flat between 2012 and 2013; it may have been lower prices that triggered a surge in demand, not a renewed interest in going digital. With that said, researchers warn that their data doesn't include books without ISBN numbers, so quite a few self-published e-books may have slipped through the cracks. Even with that wiggle room in the data, it's evident that there's a transition underway -- you just shouldn't expect to see the corner bookstore disappear overnight.

[Image credit: Robert Michael/AFP/Getty Images]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

AOC's 'Among Us' Twitch stream peaked at over 435,000 viewers

AOC's 'Among Us' Twitch stream peaked at over 435,000 viewers

View
LG's rollable OLED TV goes on sale for $87,000

LG's rollable OLED TV goes on sale for $87,000

View
GMC's 1,000HP Hummer EV is an 'all-electric supertruck'

GMC's 1,000HP Hummer EV is an 'all-electric supertruck'

View
eBay makes a dedicated portal for officially refurbished gear

eBay makes a dedicated portal for officially refurbished gear

View
Apple iPad Air (2020) review: Who needs the iPad Pro?

Apple iPad Air (2020) review: Who needs the iPad Pro?

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr