HarperCollins has just announced that they have generated over $490 million dollars in book sales in the past twelve months. Digital audiobook and ebook sales were up 6% and now account for 19% of the publishers revenue.
The publisher has also proclaimed that book sales increased $122 million, or 7%, compared to the prior year, primarily due to higher sales in general books, including the success of The Subtle Art of Not Giving a F*ck by Mark Manson, Magnolia Table by Joanna Gaines, The Pioneer Woman Cooks: Come and Get It! by Ree Drummond and The Woman in the Window by A. J. Finn.
I think one of the big reasons why digital is up at HarperCollins is because of the sheer number of new digital distribution systems now available. Global sales are stemming from unlimited subscription sites expansion into international markets and more retail companies entering the fray.
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 CBC, CNET, Engadget, Huffington Post and the New York Times.