Hachette has just announced that sales in the United States has decreased by 4.2% in the third quarter ended September 30, compared to the same period last year. They have also reported that e-Books accounted for 24% of total book sales in the first nine months of 2015, down from 28% in the January-September period of 2014.
The United States is not the only market that has seen a decline in digital revenue. Hachette has also reported that e-Book sales have also fallen in the U.K. and accounted for 30% of total book sales, down from 34% a year ago. Despite the drop in e-book sales, overall revenue in the U.K. rose 1.2% due to a good performance in education and strong sales of adult coloring books.
In the last few weeks other major publishers such as Harper Collins and Simon & Schuster have both acknowledged that e-book sales have fallen not only in the past three months, but all of 2015.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about electronic readers and technology for the last four years. His articles have been picked up by major and local news sources and websites such as the Huffington Post, CNET and more. Michael frequently travels to international events such as IFA, Computex, CES, Book Expo and a myriad of others. If you have any questions about any of his articles, please send Michael Kozlowski an email to [email protected]