HarperCollins has just released their latest financial report and the publisher has experienced lower e-book sales. Digital sales, which includes both e-books and digital audio, represented 21% of consumer revenue in the quarter. In the third quarter of fiscal 2015, e-book sales alone accounted for 22% of sales. Not only are e-book sales down, but print revenue has fallen 11% in the quarter and only $358 million dollars was generated.
The main problem with HarperCollins is that they have not really had a breakout success since American Sniper and Divergent.
Michael Kozlowski has been writing about audiobooks and e-readers for the past twelve 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. He Lives in Vancouver, British Columbia, Canada.