We also still have more than a few books on CD. We don't get as many as we used to, ironically, since it is far more convenient to use audible. Nice to shift from car to bedroom for stories.
I've been curious on why more "music players" weren't better at audio books. I'm guessing the ability to save mid track is just not nearly as big of a deal for most music applications?
Many car CD-players handled it just fine.
But my understanding is that the large publishers mostly do this themselves (and therefore have to pay the voice actor out of the 40% cut they get). Similarly, independent authors won't get access to this level of service; in some cases they're literally reading the book themselves, but they still only get the 40% cut (and that's with exclusivity).
The reason why audiobooks are cheaper is due to the subscription model. That's the chief innovation that Amazon pioneered with Audible. Now, their clout certainly also had something to do with it, and the burgeoning Kindle ecosystem. But the issue of price is really a matter of subscriptions being stickier and keeping customers in the ecosystem longer, making it possible to make aggregate more money. It's the same business model as Netflix, Dropbox, Adobe CC, etc.
That is, the new advances in audio recording and digital distribution led to a vastly superior marginal cost environment that didn't exist back in the 80s/90s. Publishers decided not to lean in on that, and by the time Audible had demonstrated that it was a viable market, it was too late for them to squeeze them on license costs.
I admit this sounds almost conspiratorial, but they literally colluded to try and force higher prices on ebooks. Such that I don't find this that beyond the pale.
I just know that, even today, the audio books I purchase are far cheaper if I get them from Audible than basically anywhere else. Unless it is a book on CD I get from the library, for obviously different reasons.
I also know that things are byzantine to get an audio book from a library. Largely due to the influence of publishers, not tech companies.