Skip to Content

'Nothing stops from this point onwards.'

18 November 2013

'Contrary to what some media outlets reported last week e-books haven't killed off any publishers: in fact in the main they have led to increased profit margins.

E-book growth has largely sustained trade publishers during the latter years of the big recession, and even if they do now, as some say, 'plateau', profit margins may continue to grow as publishers learn to better manage their inventories and working capital across the rest of their business.

Whatever the look of it, digital is more than just a growth curve. It is a complete re-wiring of the system. In this context the word 'plateau' is not inaccurate, but if it is taken to mean everything stops moving or that we are reaching a stable period, it is an unhelpful term. Nothing stops from this point onwards.'

Philip Jones, editor of the Bookseller, in Futurebook