Rooters. Hat tip from Ace Excerpt:
(Reuters) - Electronic books more than doubled in popularity in 2011, with ebooks outselling hardcover books in adult fiction for the first time, according to a survey released on Wednesday.
Net sales of e-books jumped to 15 percent of the market in 2011 from 6 percent in 2010, according to a report by the Association of American Publishers and the Book Industry Study Group. The groups compiled data provided by nearly 2,000 publishers.
Total overall U.S. book market sales declined 2.5 percent to $27.2 billion in 2011 from $27.9 billion in 2010, the report said.
While ebooks increased in strength, bringing in more than $2 billion in 2011, the majority of publishers' revenue still came from print books, with $11.1 billion in 2011. |