US sees stronger ebook sales, but growth slows

April 11, 2013
A man reads an ebook on the "nook" digital reader, October 20, 2009 in New York City. Electronic books provided 23 percent of US publishing revenues in 2012 but sizzling growth rates have eased, according to industry figures released Thursday.

Electronic books provided 23 percent of US publishing revenues in 2012 but sizzling growth rates have eased, according to industry figures released Thursday.

The said ebooks gained ground in all categories—adult fiction and nonfiction, young adult and children's and religious publishing—and helped the industry increase revenues six percent to $7.1 billion for the year.

The percentage of revenues from ebooks rose to 23 percent of net publisher revenues in 2012, from 17 percent in 2011 and just one percent in 2008, the said.

Growth in ebook was 41 percent—an impressive figure but below the red-hot pace of recent years including 2011, when ebook sales doubled.

For adult fiction and nonfiction, ebooks provided $1.3 billion in revenue, a 33 percent gain.

Sales of children's ebooks were up 120 percent in 2012 to $233 million, driven by huge gains from titles like The Hunger Games.

The association said December data showed slower growth than in the past, suggesting the market is losing momentum.

Adult fiction and non-fiction ebooks showed a gain of 20 percent in December versus the previous year, and sales of children's ebooks fell 21 percent.

"In 2012, ebook revenue growth hit an inflection point—where it went from reliable triple-digit increases to double-digit increases," the group said in a statement.

"January 2013 could be a month of big increases following a during which many readers unwrapped new e-readers and tablets."

Explore further: Digital media brings erotic books out of the closet

Related Stories

Despite slow start, ebooks gain ground in Europe

October 11, 2012

Electronic books, which have sparked excited chatter for several years in the publishing world, are now gaining momentum among European readers, despite a late start compared to the US, industry insiders say.

SAP reports sales records in 2012

January 15, 2013

German software giant SAP said on Tuesday it achieved record sales last year, beating its full-year forecasts, even though acquisition costs hit earnings.

Flat year for US music industry, survey says

March 27, 2013

US music industry sales held nearly steady in 2012 as gains from digital subscription services offset further declines in physical disc sales, an industry survey showed Wednesday.

Recommended for you

For these 'cyborgs', keys are so yesterday

September 4, 2015

Punching in security codes to deactivate the alarm at his store became a thing of the past for Jowan Oesterlund when he implanted a chip into his hand about 18 months ago.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.