K-12 Course Material Sales Drop by $182M YTD

Sales of course materials for K-12 plummeted by $182 million between June 2019 and July 2020. That's a 25 percent drop, according to the Association of American Publishers. Sales for July 2020 in that segment totaled $549.3 million.

Total sales in the K-12 category of publishing totaled $1.458 billion for the seven-month period of January 2020 through July 2020, down from $2.035 billion over the same period last year, a decline of 28 percent.

Overall education revenues for K-12, higher ed, professional books and universities presses were down 18.7 percent year-to-date, totaling $2.84 billion.

The APP generated the statistics from publisher net revenue, including sales to bookstores, wholesalers, direct to consumer, online retailers, etc. The data covered revenue information from 1,360 publishers.

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.

Featured

  • glowing digital human brain composed of abstract lines and nodes, connected to STEM icons, including a DNA strand, a cogwheel, a circuit board, and mathematical formulas

    OpenAI Launches 'Reasoning' AI Model Optimized for STEM

    OpenAI has launched o1, a new family of AI models that are optimized for "reasoning-heavy" tasks like math, coding and science.

  • landscape photo with an AI rubber stamp on top

    California AI Watermarking Bill Supported by OpenAI

    OpenAI, creator of ChatGPT, is backing a California bill that would require tech companies to label AI-generated content in the form of a digital "watermark." The proposed legislation, known as the "California Digital Content Provenance Standards" (AB 3211), aims to ensure transparency in digital media by identifying content created through artificial intelligence. This requirement would apply to a broad range of AI-generated material, from harmless memes to deepfakes that could be used to spread misinformation about political candidates.

  • clock with gears and digital circuits inside

    Report Estimates Cost of AI at Nearly $300K Per Minute

    A report from cloud-based data/BI specialist Domo provides a staggering estimate of the minute-by-minute impact of today's generative AI boom.

  • glowing lines connecting colorful nodes on a deep blue and black gradient background

    Juniper Intros AI-Native Networking and Security Management Platform

    Juniper Networks has launched a new solution that integrates security and networking management under a unified cloud and artificial intelligence engine.