Audiobook sales were up 13.5 percent in 2014, as compared to 2013, reaching $1.47 billion in revenues, according to newly released estimates from The Audio Publishers Association (APA).
The estimates come from the APA’s annual sales survey, conducted by the independent research firm Management Practice in the spring of 2015. According to the report, unit sales were also up 19.5 percent. Here is more from the press release:
Additionally, 1,032 more titles were published on audio than in the previous year — bringing the number of audiobooks published in 2014 up to 25,787. The growth of the industry is largely due to the growing popularity of the digital download and increasing awareness and profile for the audiobook format. Sales of digital downloads continue to rise – showing an increase of 7.3% in dollars and a full 10% in units sold from the previous year.