Tuesday, May 21, 2013

E-book sales almost doubled in 2012, rising to $3.04 billion

LA Times reporting:
The total revenue generated by e-book sales in the U.S. in 2012 was $3.04 billion, a 44.2% increase over the year before. That gain was announced in the preliminary year-end report released Wednesday by BookStats, a joint statistics project between the Assn. of American Publishers and the Book Industry Study Group.
In 2012, e-book sales accounted for 20% of trade book sales revenue. Overall, trade book sales rose 6.9%. Trade books are those found in brick-and-mortar bookstores and online retail booksellers.
And the increase in e-book sales did not take a bite out of print books -- at least, not in the aggregate. Print sales were $12 billion in 2012; they were $12 billion in 2011, too.
Hardcover sales rose 1.3% to $5.06 billion. Trade paperbacks edged up 0.04% to $4.96 billion. Figures are not yet available for mass market paperbacks, but their sales are expected to fall. Most industry watchers believe that mass market paperbacks stand the most to lose as the popularity of e-books continues to rise.
Publishing often has a single runway hit that swells its annual numbers; in recent years Harry Potter, "The Girl with the Dragon Tattoo" and "The Da Vinci Code" have greatly improved sales. There's no question that in 2012, publishers have the "50 Shades of Grey" books to thank for an improved bottom line.
As would be expected with a rise in e-book sales, online book sales rose 21.3% in 2012.
http://www.latimes.com/features/books/jacketcopy/la-et-jc-ebook-sales-20130515,0,1144088.story

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