A 2007 Audio Publishers Association survey has released that the majority of publishers seeing the format being completely replaced by digital, and downloads in less than 10 years.
From Library Journal:
How much longer for CDs?
It is clear, however, that many expect the CD to reach extinction. A 2007 APA survey showed audiobook sales to libraries steadily rising, with CDs still the format of choice among library patrons and the sale of cassette sets declining overall. Despite the current health of CD sales, OverDrive’s Potash predicted a remaining lifespan for the format of just ten years, and the panelists all seemed to agree that the future of the industry lies in digital and downloadable audio.
Strengthening their point, and in an Audies’ first, a novel created exclusively for audio and only available as a download, The Chopin Manuscript (Audible), won Audiobook of the Year. More proof of confidence in the digital audio sector came with Ingram Digital’s recent acquisition of the iofy digital audiobook platform from the Audiofy Corporation.
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