A new report from the Association of American Publishers reveals that book publishing revenue continued its upward trend, increasing 5.5% January–April 2018, over the same period in 2017. While downloadable audio books had the strongest sales increase (up 36.1%), hardcover, trade paperback, and mass paperback also rose.
Publishers Weekly goes into more detail:
In the trade segment, sales of adult fiction and nonfiction rose 7.3% in the four-month period and sales in the children’s/young adult category rose 6.6%. Sales of religious presses increased 9.8%.
These figures are from AAP’s StatShot Monthly Report, which draws information from more than 1,100 publishers in the following categories: Trade – fiction/non-fiction/religious, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses.
This infographic from AAP shows similar sales increases in 2017:
Not all categories are moving upward. Ebooks continued their slide with a 5.3-percent decline in revenue during the same period.
I think the trend away from Ebooks and toward audiobooks reflects our desire to get away from our screens in our downtime and to pursue other activities while still enjoying a good book. All in all, this is encouraging news for those of us in the book industry!
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