Are Ebooks Saving Publishing Dividends?

Publishing is usually perceived as a mature industry characterized by a steady pace of growth, which excludes unsustainable highs and devastating lows. However, since the advent of the Internet and digital technologies that have revolutionized the industry, publishing has been changing its face. While the overall market is stagnating or growing at a low single-digit rate, e-publishing sales are reaching for the skies. Now, the introduction of tablet technologies and smartphones is buoying the record-smashing sales of eBooks. The explosive growth in electronic publishing is a sign of the publishing industry's transformation in line with new social trends and technologies. Despite the publishers' need to invest in adaptations in order to survive (in some cases in... Read more