Ebook Sales have nearly Tripled at John Wiley & Sons

The academic publisher John Wiley & Sons released their quarterly statements today, and the last 3 months saw a phenomenal growth in ebooks.

The data is from the first quarter of their fiscal year 2012, and it covers  July, June, and (I'm assuming) May. Income from ebooks totaled $11,000,000, which is around $7 million more that the same period last year.

Yes, ebook sales nearly tripled. They now account for 11% of revenue for the professional/trade unit at Wiley (vs. 4% in the same quarter of last year). What's even more surprising is that Wiley reported seeing strong sales growth at both Amazon and iBooks. Yes, iBooks. I guess Apple's efforts to cripple their ebook competition must be working,

Okay, this isn't so amazing anymore considering that Pearson, S&S, and Hachette have all reported similarly fantastic growth. Penguin's most recent numbers peg ebooks at 14% of revenue, Simon & Schuster have reported 15%, and Hachette reported ebook sales having tripled to around 20%.

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About Nate Hoffelder (10961 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader: "I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

2 Trackbacks & Pingbacks

  1. Wiley to Follow in RIAA Footsteps – Now Suing Ebook Pirates - The Digital Reader
  2. Ebook Sales Up at Simon & Schuster – Now 17% of Revenue - The Digital Reader

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