David Farland keeps a pretty much tab on the publishing industry. His comments here adds to the belief that ebooks will be king of the hill in a few years.
Right now, the e-book market is growing at over 10% per year. Meanwhile, the sale of paperbacks and hardcovers is dropping disproportionately. In fact, sales last month on hardcover books were down more than 40% from just the month before!
Now, there are reasons for this. Part of the problem has to do with the collapse of the Borders bookstore chain here in America. That might account for a drop of 25%. Another drop of 10% might be claimed because of the rise in sales of e-readers that people got for Christmas. But that means that there is still a substantial drop that doesn’t make sense—another 8%, more or less. What’s going on? I think that there may be people who are delaying hardback purchases in anticipation of buying e-readers. After all, why pay $25 for a hardcover when I plan to buy a Kindle and then get the electronic copy for $15 on Mother’s Day?
He may be right.
