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.
Michael Kozlowski has written about audiobooks and e-readers for the past twelve years. Newspapers and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times have picked up his articles. He Lives in Vancouver, British Columbia, Canada.