Categorized | For the love of books

Survey: Ebook sales skyrocketed in 2011!

Posted on 19 July 2012 by Alice

According to survey results released yesterday, Ebook sales more than doubled in 2011 and were worth $2.07 billion (USA publishing industry).

In 2010, Ebooks drew in $869 million, accounting for 6% of overall publishing revenues according to the data from the Association of American Publishers and the Book Industry Study Group. The number of Ebooks also doubled to 388 million, and represented 15.5% of total books sold in the ‘trade sector’ (fiction and non-fiction for adults and

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children).

Does this indicate traditional hardcover and paperback sales are slowing down? Does this mean the end of the book trade as we know it? Not quite…

In good news, Ebooks have not overtaken the traditional hardcover or paperback, which represented the bulk of publishers’ net revenue at $11.1 billion for 2011 ;-)

The

biggest gains for ebooks came in adult fiction, where it accounted for 30 percent of revenues. That was up 117 percent and produced $1.27 billion in revenues last year, the report said.

Overall sales for the publishing industry managed a slight increase for the year of 0.5 percent at $13.97 billion.

And despite the bankruptcy of the big bookseller Borders, which closed 500 stores, brick-and-mortar retail remained the top sales channel with $8.59

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billion in sales.

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