Amazon is not the only company whom are selling more ebooks then hardcover books. While publishing giants Penguin recently confirmed that ebooks only account for %1 of their total market profit. Recently HarperCollins announced that this quarter then sold more ebooks then hardcovers.
The Most recent high profile launch from Penguin was the thriller by Laura Lippman, “I’d Know You Anywhere,” which hit bookstands Aug. 17. The total sales of this book in the first five days was 4,739 e-books versus 4,000 hardcover versions.
In a recent interview with the Wall Street Journal, HarperCollins senior vice president Frank Albanese said “What we’re seeing now is that if a book gets a good review, it gets a faster lift on the digital side than it does on the physical side because people who have e-readers can buy and read it immediately.”
The recent surge of ebook sales makes sense, given that a new hardbound cover book will cost anywhere from $25.00 to $55, while the ebook is usually around $10.00.
E-Readers make it easier then even to both connect up to a store, such as Barnes and Noble, Amazon, and iBooks via a 3G or WI-FI internet connection and can make instant purchases and read the book immediately.
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.