It’s generally believed that e-books are replacing classic paper books just like digital music replaced CDs. There’s a good deal of evidence, however, that this isn’t the case. It’s true that e-book sales have been growing since 2009, but the rate of growth is now slowing down. To counter the digital music comparison—the rate of increase in digital music sales started to decline only when it accounted for over 50 percent of music sales. By comparison, the rate of increase in E-book sales has already slowed—and they account for only 20 percent of sales.
E-book sales are reaching a plateau—and in some places, like Canada, e-book sales have actually experienced a decline. This may be hard to believe in the heart of the holiday shopping season but this is the case. Unlike what the media may suggest, Independent bookstores are holding their own. There were actually more bookstores in 2012 (1,567) than there were in 2009 (1,401). It’s also worth noting that hardcover book sales are up 10 percent in the first eight months of 2013 versus 4.8 percent for e-books.
Classic paper books are alive and kicking! To learn more, check out the infographic below! What do you think? Do you typically use a regular book or do you prefer the digital version? Let us know in the comments.
Infographic by License Direct