The book business: 2012 vs 2008

There are some interesting claims being levelled in the publishing industry about the death of books (rubbish), that publishers are going broke (only if they messed up) and that the industry is in turmoil (only when scaremongers keep saying it is). Well, the infographic below highlights some statistics on the US book industry – I think I’m going to stop calling it the publishing industry, maybe reading industry is more appropriate. The final figure is the one that everyone should quote the next time a smaller or non-existent advance is offered to authors, or royalty rates are lowered, or high book prices are justified.

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Source: http://www.newrepublic.com/article/114998/book-business-doing-fine

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E-Readers Are Cool

That’s right, E-readers were the gift of gifts this holidays. Now the Pew Institute have crunched the numbers to look at who was buying them and how this has changed over time. Report here.

The researchers performed phone interviews with 2,986 people and asked them, “Are you cool enough to own the greatest gadget since Maxwell Smart’s shoe phone?” With an error rate of 2.2%, the results were as follows:

  • E-readers and tablets were owned by 10% of people in December 2011.
    • This was 19% in January 2012.
  • The proportion of people owning at least one of these two increased from 18% to 29%.
  • Tablet owners are likely to be under 50 years old and have graduated college.
    • They are also likely to make enough money to buy lots of apps and books.
  • E-readers are more popular with women and the 30-49 age group.
    • E-readers are still pretty popular with anyone under 65.
  • College graduates and rich folks also love E-readers.
  • You should own an E-reader.

I have my E-reader, the new Kindle. I still love my pile of dead tree books, but I also love my Kindle.

My Kindle and a DTB