TECHNOLOGY NEWS
July 19, 2012 12:00:00 AM
  Follow @ Twitter

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

AFP


PREVIOUS STORY
PayPal stuffs startup into its smartphone wallet
NEXT STORY
Pregnant Yahoo CEO stirs working moms debate

Bookmark and Share
   




FIJI NEWS
Australia reviews Fiji SPARTECA dealAustralian Minister for Industries, Ian Macfarlane is currently reviewing the South Pacific Regional Trade and Economic Co-operation Agreement (SPARTECA) deal with Fiji.
SPORTS
Tovolea win Great Eight 7sUnknown Tovolea held on to defeat a star-studded Tabadamu side 19-14 at Lawaqa Park today to win the Coastal Great 8 Sevens title.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
LIFESTYLE/FASHION
Tafunaíi ready to fly Fijiís flag highNew crowned Miss World Fiji, Charlene Tafunaíi is ready to do wonders for Fiji in the Miss World Finals in December and is calling for the nationís backing.
ENTERTAINMENT
Meghan Trainor to release debut album TitleMeghan Trainor has a brand new single Lips Are Movin, ahead of the release of her debut album Title on January 9, 2015.
OFFBEAT
Mercury 'took Princess Diana to gay barQueen singer Freddie Mercury disguised the late Princess Diana as a male model and smuggled her into a notorious gay bar, according to a memoir serialised in Britain's Sunday Times.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS