Posted Wednesday, July 18, 2012
Survey Shows Growing Strength of E-Books
E-books continued their surge in 2011, surpassing hardcover books and paperbacks to become the dominant format for adult fiction last year, according to a new survey of publishers released Wednesday.
For several years, consumers have been rapidly switching from print to digital for reading novels, a sign of the growing strength of the e-book for narrative, straightforward storytelling.
Over all, digital books kept up their explosive growth in 2011, the survey confirmed. Publishers' net revenue from sales of e-books more than doubled last year, reaching $2.07 billion, up from $869 million in 2010. E-books accounted for 15.5 percent of publishers' revenues.
But as digital revenue grew, print sales suffered, dropping to $11.1 billion in 2011 from $12.1 billion in 2010...
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For several years, consumers have been rapidly switching from print to digital for reading novels, a sign of the growing strength of the e-book for narrative, straightforward storytelling.
Over all, digital books kept up their explosive growth in 2011, the survey confirmed. Publishers' net revenue from sales of e-books more than doubled last year, reaching $2.07 billion, up from $869 million in 2010. E-books accounted for 15.5 percent of publishers' revenues.
But as digital revenue grew, print sales suffered, dropping to $11.1 billion in 2011 from $12.1 billion in 2010...
View Full Article











