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2021-02-18 14:36:35 GMT2021-02-18 22:36:35(Beijing Time) Xinhua English
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STOCKHOLM, Feb. 18 (Xinhua) The audiobook business is booming in Sweden although physical book stores are fighting for survival due to social distancing rules, according to statistics released on Thursday.
While total revenues of audiobooks were up by 8.7 percent in 2020, the sales of physical books took a hit with a 19.1 percent decline, showed the annual report by the Swedish Book Dealers Association and the Swedish Publishers Association.
They conclude that the pandemic has been a boon for the audiobook business, as the sales increased more than ever before, including 2020 when the VAT on books was reduced.