Warning Signs For Large Publishers In August AAP Figures

The Association of American Publishers (AAP) has released its figures for the month of August. Print continues to fall in all categories, while e-books keep up their breakneck growth. However, it’s increasingly clear that digital revenue is not growing fast enough to replace the complete collapse of print. As always, the AAP figures come with a health warning. Only a very limited number of houses report, and you should hesitate before drawing hard-and-fast conclusions, especially with regard to the raw revenue totals. As I suspected last month, July’s hardcover bounce was a one-off and all print categories are down in August. Trade paperback is down 5.7% on August 2010. Hardcover is down 11.2%. Both Children’s/YA categories are down over 20%. And once again, mass market Read More…

AAP Figures for June Show Dramatic Print Slump, Continuing Ebook Explosion

The American Association of Publishers (AAP) figures for June were finally released last week (about a month late), and the news is not good for fans of print books. Like the figures for May, all major print categories are down, while e-books continue to surge. But the headline figure this month is that trade paperback sales, which are usually reasonably robust, have just collapsed. The figures in the table below are in millions of dollars. You should note that this month there are just 78 houses reporting print data and only 15 reporting e-data, so the usual caveats apply (although the trends are clear and confirmed from other sources).