“Yes, the established publishing companies that belong to the AAP are selling fewer e-books. But that does not mean fewer e-books are being sold. Of the top 10 books on Amazon’s Kindle bestseller list when I checked last week, only 2 were the products of major publishers. All the rest were genre novels (6 romances, 2 thrillers) published either by the author or by an in-house Amazon imprint.”

“‘Big 5′ publishers’ share of Kindle unit sales fell from more than 40% at the beginning of 2014 to 23% in May. Because they tend to sell their e-books for a lot more than $4.99, the Big 5 share of gross revenue is still around 40%, but it’s falling fast, too. And self-published “indie” authors — in part because they get a much bigger cut of the revenue than authors working with conventional publishers do — are now making much more money from ebook sales, in aggregate, than authors at Big 5 publishers.”

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