Posted Monday, August 15, 2011
Tracking the Transition: BookStats
"...Last Tuesday's release by the Association of American Publishers and Book Industry Study Group of BookStats provides the most comprehensive information yet to gauge how technology is changing the sales patterns and trends of the book publishing industry. With industrywide projections based on sales reported from 1,963 companies that had a combined revenue of $15.3 billion, BookStats found that, contrary to widespread belief, the publishing industry grew in both 2009 and 2010, aided by $1.6 billion in sales from e-books. Total estimated revenue for all publishers rose 3.1% in 2010, to $27.9 billion, following a 2.5% increase in 2009. E-book sales across all publishing categories rose 29.4% in 2009 and 38.9% in 2010, and accounted for 5.8% of total industry revenue in 2010."
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