Sunday April 30, 2017

Real Books Are Back: E-Book Sales Plunge Nearly 20%

Finally, people are coming to their senses. While it’s cool to have thousands of books on a single device in e-format, nothing beats a printed book to me, as these retain their charm and soul: what I mean is that you don’t get any of the nuances in the digital version, such as font choice, page texture, format size, ink quality, etc. Sales of e-readers have reportedly declined more than 40% between 2011 and 2016. Which do you prefer?

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Sales of consumer e-books plunged 17% in the U.K. in 2016, according to the Publishers Association. Sales of physical books and journals went up by 7% over the same period, while children's books surged 16%. The same trend is on display in the U.S., where e-book sales declined 18.7% over the first nine months of 2016, according to the Association of American Publishers. Paperback sales were up 7.5% over the same period, and hardback sales increased 4.1%. "The print format is appealing to many and publishers are finding that some genres lend themselves more to print than others and are using them to drive sales of print books," said Phil Stokes, head of PwC's entertainment and media division in the U.K.