Book sales: told ya!
There is nothing better than to crush your enemies, see them driven before you, and to hear the lamentations of their women. The other thing that is quite nice is to be right.
In fairness a lot of people were right. Konrath has been saying for years that e-books will replace DTB (dead tree books). I posted a prediction here about what the market will look like by the end of the decade. I said that e-books would win. Guess what: they are starting their winning streak.
The figures are in for the publishing industry (source: Association of American Publishers). The year to date shows strong growth in e-book revenue, declines in anything you can’t download, and that there is a growing market for Christian fiction. Maybe I should write a Christian thriller, with Jesus as the central protagonist, a man who had been forsook, turned to alcohol (well it starts out as water), and investigates paranormal phenomena in the wake of his death. I smell best-seller!
Something that jumps right out at me with these figures is that numbers don’t jump. The other thing is that e-books have essentially replaced the other mediums (if you ignore kids books). E-books have grown from 7% to 18% in 12 months – I hate the 144% figure as it is misleading, I’ve always preferred quoting figures as a proportion of the total. The change in kids books then accounts for the decline in the industry of $100 million.
E-books are doing very well.