An annual report from BookStats reveals that U.S. publishers are now seeing more revenue from online sales than from physical retailers.
Last year, BookStats found that publishers brought in $7.54 billion in online orders — which include revenue from e-books — compared to $7.12 billion made from sales at physical retailers.
However, while e-book sales reached record numbers in 2013 to 512.7 million, revenue was flat from a year earlier at $3 billion. BookStats, a joint project between the Association of American Publishers and the Book Industry Study Group, reported that the 2012 bestsellers and lower prices set by retailers could be to blame for the stagnant revenue.
Though more and more people are buying books online at places like Amazon, it’s clear that brick-and-mortar retailers aren’t vanishing anytime soon. Yahoo notes that the slowing e-book sales could actually give more negotiation power to publishers like Hachette, which is currently in a pricing dispute with Amazon.