Quote:
Originally Posted by TimW
[snip]
In these recent reports, publishers are shown to have reduced sales on all book formats. However, the percentage decline in e-book sales are much higher than their paper counterparts. Consumers are price sensitive and that's especially true when there is an abrupt upward change in price for the same product. They will either wait to purchase or they may shift their purchase choice to a competing product. (I know that publishers are loathe to call their books products but they are.) In my opinion, price sensitivity is the most likely explanation for the data.
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Reports have also said people are reading (and buying) less than ever before. There are probably multiple reasons. Time constraints, income loss, disasters, movies, gaming, texting, disinterest and death of the older reading generation.
Movie studios, TV networks, video game makers, and computer vendors all have fluctuating sales. Publishing is no different. A lack of a few bestsellers in one year will depress sales.