Audiobook Sales Increase by over 30% in January 2016

Major publishers are starting to see a pronounced decline in e-book sales. Hachette, HarperCollins, Macmillan, Penguin Random House, and Simon & Schuster only generated $1.37 billion in 2015 from $1.6 billion the year before. Audiobooks on the other hand, have been steadily growing.

On Monday, the Association of American Publishers released their monthly report and found that audiobook sales were up 30% from the same month in 2015. In the same time period, paperback sales grew 4.3% and sales of e-books fell 24.9%.

I think it’s important to note that a 30% monthly increase sounds good on paper, but the audio format only generated $20.4 million.

Michael Kozlowski

Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CNET, Engadget, Huffington Post and Verge.

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Albert
I tend to wonder how much actual increase in sales that represents. whether it is number of units sold, or sales revenue generated. With all the offers that go on all the time, I doubt I spend more than a couple of dollars a month for my Audible subscription on average.
In any case, I am a big fan, and what I love most about Audible, aside from the very nice software, is the option to buy a full audio TTC course with a credit, a huge discount over what they charge at their official site. I listen to them pretty much every day.
Martha Smith
I’ve bought a bunch of audiobooks this year, but mostly due to whispersync discount pricing (discount when you have purchased the ebook).
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LoriW.Leisure
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LoriW.Leisure
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