Have we reached the e-book plateau?
“A lot of other data came out during the course of 2012 that also suggests that (a) the growth in e-book sales has slowed substantially and (b) print sales are holding up pretty well. At a conference in March, Bowker released market research showing that, even though just 20 percent of American web users have actually purchased an e-book, e-book sales growth has already “slowed dramatically” from the explosive levels of the last few years and is now settling down at an “incremental” rate. There are, reports Bowker, signs of “some level of saturation” in the e-book market, and, strikingly, the heaviest buyers of e-books are now buying more, not fewer, printed books. The Association of American Publishers recently reported that annual growth in adult e-book sales dropped to 34 percent during the first half of 2012, a sharp falloff from the triple digit gains of the previous few years. As of August, e-book sales represented 21 percent of total sales of adult trade books. While e-book sales seem to be eating away at mass-market paperback sales, which have been falling at around a 20 percent annual clip, hardcover sales appear to be holding steady, increasing at about a 2 percent annual rate.”