E-Book Revenues Continue to Slide

I love my Kindle and the library of E-Books that I own. It's wonderful to be able to take a few different choices with me when I travel without the bulk of regular paperback books. I also like the backlight of the Kindle Paperwhite, but there is a huge issue. Publishers want the same price (or more) for a digital book that doesn't require the cost of printing, the addtional shipping costs, packaging and more. Because of that, people aren't buying E-Books and therefore the revenue continues to decline. If Kindle books were half the price of their paper counterpart, I have a feeling we'd see some pretty tremendous growth.

The organization, which reports sales data from about 1,200 publishers, says that sales of trade books in the e-book format decreased 5.3% in the first quarter of 2017 over the same period in 2016. This decline is becoming a pattern, though these most recent figures are far less dramatic than those announced regarding the first quarter of 2016. That period saw an e-book revenue decrease of 21.8% over the first quarter of 2015.

Source: Forbes