The Association of American Publishers has just released their annual report that takes a look at the overall health of the industry and how well audiobooks, e-books, hardcover and paper sales are doing. The organization has reported that e-book sales have declined 11% on the year with YA falling a staggering 44.5% from the same period in 2014.
One of the big problems with YA e-books is that there hasn’t been any real success stories for quite awhile. Many publishers have lamented that there hasn’t been a Hunger Games or a Harry Potter franchise develop and this is hurting the industry.
e-Book sales might be falling, but audiobook sales continue to soar. The AAP reported that the entire market grew by 37.8% in 2015, which is a boon for companies participating in this space. If you want to learn all about audiobooks, check out our epic feature story on the global audiobook outlook for 2016.