Printed Books: $9.5 Billion, e-books: $81 million
Posted in Future of the Book on July 26th, 2010Amazon.com tells us that over the past three months, for every 100 hardcover books sold, it has sold 143 e books. James Patterson has apparently sold 1.14 million ebooks to date, 867,881 of which were Kindle books from its ebookstore. Charlaine Harris, Stieg Larsson, Stephenie Meyer, James Patterson, and Nora Roberts have each, according to Amazon, sold more than 500,000 Kindle books. Amazon’s Kindle bookstore now offers more than 630,000 books, Amazon says, plus 1.8 million free, out-of-copyright titles.
All I can say is hooray for all the trees saved, and for all the time future book collectors wont have to waste sifting through so much shit on the shelves. But wait. Before we celebrate. This perspective from Wired magazine:
"The overall e-book market is still a 90-pound weakling next to the Asiatic elephant of print publishing. According to a report from Publisher’s Weekly last year, hardback sales were projected to be about $4.4 billion in 2009 (including both adult and children’s titles), while paperbacks were expected to generate $5.1 billion in revenue, audiobooks $218 million, and e-books just $81 million — less than 1 percent of the print equivalents. That’s not even counting textbooks, Bibles and professional books — with those included, Publisher’s Weekly estimated the overall book market at $35 billion in 2009.





