Monday News: 8% of ebook titles account for 50% of ebook sales; Texas man arrested over overdue library book; Unique bookish gift.
In the two year period between April 1, 2010 and May 21, 2012, 1.3 million individual titles have been purchased and that Amazon, BN, Apple and Sony account for 98% of all retail ebook sales. That leaves 2% to divide between Kobo, Smashwords, All Romance eBooks, and the like.
I’m not sure I agree with McIlroy’s final conclusion – that ebooks are having a significant role in reducing industry dominance by the largest publishers. He states that in 2004, the top 5 held 65.1% of the market. That large publishers supply only 8% of the ebook titles and achieve 50% of ebook sales doesn’t mean that their market dominance is declining, only that it has achieved 50% of the ebook market. What is their percentage of the print market? Is it lower than 65.1%? Higher? Looking at the publisher position in the marketplace without considering print component is looking at only half the picture and lends itself to faulty conclusions. Thad McIlroy – Future Of Publishing