Photo: Ellen Duffer |
A man reads a book at a book store on World Book Day and Copyright Day in Beijing on April 23, 2018. Photo: WANG ZHAO/AFP/Getty Images |
In the first eleven months of 2017 (the most recently released data by the American Association of Publishers), e-book revenues dropped 5.5% over the same period in 2016, while hardback revenues increased by 3.3% .
It's worth noting that paperback and mass market revenues decreased, as well, by 1.7%. Paperback and mass market titles are generally considerably cheaper than hardback books, whereas e-books can be priced comparably to hardbacks if accompanying a first-run printing (though, of course, e-book pricing varies widely).
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Source: Forbes