Bestselling author Hugh Howey’s quarterly analysis of sales is remarkable:
Several interesting findings include a 44% increase in share of bestsellers by indie books and a 26% slide in number of big-5 published books on the bestseller lists. The traditional publishers had only 14% of the bestsellers.
The Nook is also down to single digits and sinking, (sales off by nearly 50%) leaving Amazon back in the catbird seat.
Over 7 quarters of data, the price of eBooks in the big-5 legacy publishers has risen 17%.
All in all the Big 5 publishers and their authors are losing money fast, selling fewer ebooks, and losing discoverability as they are giving up significant market share.