Simon & Schuster has reported its third quarter earnings today and digital revenue is up 20% over the same period last year and represented approximately 21% of total publishing revenues. Best-selling titles in the third quarter included Total Recall by Arnold Schwarzenegger and Black List by Brad Thor.
Most major publishing companies saw massive digital gains in the 3rd quarter of 2012. HarperCollins saw a very modest 18% increase in sales over the 10% it garnered in 2011. Penguin recently reported that in the first six months of the year, one in five books it sold is digital.
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.