Thursday, May 22, 2008
IDPF Reports Wholesale Ebook Sales Up 35%
The International Digital Publishing Forum (IDPF), a non-profit industry group, reported this week that U.S. wholesale ebook revenues grew to $10.1 million in the first quarter of 2008, up 35% over the same period a year ago and up an impressive 23% sequentially over the fourth quarter of 2007. Since these are wholesale numbers, actual retail sales could be up to twice the reported figures.
Are we starting to see the impact of ebook sales through the Amazon Kindle?
Separately today, Barnes & Noble, the country's largest book seller, announced a 1.1 % decline in same store sales and lowered revenue forecasts for the remainder of the year. See the press release here and read the earnings conference call transcript here.