Despite all the financial doom and gloom over the last few years, British publishers seem to be bucking the trend as they have reported record sales in 2012.
According to this article on the BBC Website, total spending on books (both printed and digital form) rose to £3.3bn in 2012. That represents a 4% increase on the previous year.
I keep hearing that e-book sales are going to swallow their print counterparts, but when you consider just £400m of these sales were e-books with the rest being print copies, the feel of the paperback still seems to be winning the readers over.
Having said that, digital sales did increase by 66% compared with physical sales seeing a small 1% drop.
Overall, the book business still seems to be in good shape and though these numbers don’t take into account self-published titles (weighted more towards digital sales than print), the demise of the paperback is greatly exaggerated.
I still think authors/publishers are missing a trick. This is their chance to sell back catalogue books cheaper than the paperback versions. I know I would buy more older books if they weren’t priced at £4.99-£5.99 for the Kindle.
They might not like the e-reader, but it is here to stay and they could boost their sales more by taking the cost of printing, storage and delivery of the book off the price for the consumer. Because of VAT you can pay more for an e-book than the paperback, which has to be wrong, particularly for older titles.
I’m not going to mention the most popular books over the last year, because I think we all know which series takes that honour, but I did want to investigate my own trends.
Between my wife and I, we have downloaded over 100 books in the last 18 months and bought less than 10 print books. Go e-books!
I buy more books now than ever before and more than I can read. I have enough to keep me going for the next three or four years. 🙂
How many books do you buy?
What ratio of those are e-books?
Last week we experienced some sunshine! I commemorated this rare event with a photograph of my magnolia plant. Look at the colour of the sky!