Ebook revenue in the U.S. leveled off at $3 billion, according to a new report released today.
The BookStats report, from the Association of American Publishers and the Book Industry Study Group, confirmed earlier reports from the AAP and anecdotal evidence. Ebook revenue in 2012 was about $3 billion as well, up from $2.1 billion in 2011. The explosive growth experienced in 2012 was thought to be due to the secular trend in rising digital sales and the performance of smash hits like Fifty Shades of Grey and The Hunger Games.
The slowdown in growth in 2013 is attributable to an unfavorable comparison with 2012 as well as a declining dedicated e-reader adoption and rising tablet sales.
Trade publishing revenues overall in the U.S. were also basically flat in 2013 at $14.6 billion, down slightly from nearly $15 billion in 2012.
This edition of BookStats will be the last in the series, which spanned five years; BISG has elected not to continue working with AAP on the project.