Over the course of the last twelve months major publishers have all reported that e-book revenue has begun to plummet. This downward trend has continued into 2016, as HarperCollins, Simon & Schuster, and Hachette have all reported diminished revenue.
Simon & Schuster has just released their quarterly financial results and e-book sales accounted for just 21% of total publishing revenues in the fourth quarter, down from the 24% they accounted for in the same quarter a year earlier. The publisher also ackonolgod that digital might be down, but they have seen an 8% increase in sales, due to print.
HarperCollins on the other hand mentioned…
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