Ebook sales skyrocketed in 2011: industry

Jul 19, 2012
Sales of ebooks more than doubled in 2011 to bring in some $2.07 billion for the US publishing industry, a survey showed Wednesday.

Sales of ebooks more than doubled in 2011 to bring in some $2.07 billion for the US publishing industry, a survey showed Wednesday.

The data from the and the Book Industry Study Group said ebooks grew from $869 million in 2010. Last year, ebooks accounted for some six percent of overall publishing revenues.

The number of ebooks also doubled to 388 million, and represented 15.5 percent of total books sold in the "trade sector," meaning fiction and non-fiction for adults and children.

Still, 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 of the big bookseller , which closed 500 stores, brick-and-mortar retail remained the top sales channel with $8.59 billion in .

Explore further: Nokia turnaround since handset unit sale continues

add to favorites email to friend print save as pdf

Related Stories

Google eBooks reader to debut in US

Jul 11, 2011

The first electronic book reader designed to tap into Google's vast online library will debut in the United States on Sunday.

Digital piracy casts shadow over ebook world

Oct 13, 2011

With electronic books growing in popularity, the publishing world focuses on fighting the threat of digital book pirates, much as the music industry once did with illegal downloading.

US class-action ebook price-fixing suit can proceed

May 15, 2012

A judge Tuesday allowed a class-action case to proceed against Apple and six publishing houses alleging a price-fixing scheme for electronic books, citing "ample" indications of a conspiracy.

Bookstores feeling pain from digital technologies

Feb 08, 2011

Pundits might put a different spin on how and when it will happen but all see a struggle for survival by traditional booksellers thanks to a growing shift to electronic books and Internet sales.

Recommended for you

Nokia turnaround since handset unit sale continues

4 hours ago

Nokia appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. ...

Yahoo CEO defends strategy in face of criticism

4 hours ago

Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction.

Sk Hynix logs all-time high Q3 earnings

4 hours ago

SK Hynix, the world's second-largest memory chip maker, reported Thursday a record high quarterly net profit for the three months to September on strong sales and currency earnings.

User comments : 0