(24 Oct 2024) Digital book sales in the United States have been strong since the summer. In August 2024, e-book revenues were up 6.1%, generating 90.4 million dollars. Year-to-date e-book revenues were up 3.5% compared to the first eight months of 2023, for $687.4 million. It is good to know that people are reading digitally again, whether on their Kindle, Kobo, Nook e-readers or through various apps for smartphones and tablets.
Audiobook sales in the digital format continue to be the fastest-growing segment in digital publishing. Audiobooks have surpassed e-book sales for August and the first eight months of the year for the first time. The Digital Audio format was up 38.8% for August, coming in at $93.9 million in revenue. Physical Audio was down 54.8%, coming in at $600 thousand. Year-to-date digital audiobook sales were up 26.8%, reaching $707.1 million in revenue. Physical Audio was down 29.2%, coming in at $5.8 million.
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