Book Sales in March Declined 11%
While yearly sales are still up 1.3%, book sales in March have declined by 11%. Ebook sales were the biggest increases at 58.9% but still only a fraction of the billion dollar book industry at $4.4 million. Trade paperbacks (6.2%), Children’s YA paperbacks (9.1%) and Children’s YA hardcovers were up (2.4%). The trend of increasing YA sales must account for the huge contracts Showalter and Vincent have recently received for the new Harlequin YA line.
Audiobooks are down 44% to $11 million. In a year or so, I wonder if ebooks and audiobooks will change places. Adult hardcovers have declined 25% and mass market is down 10.9%.