Andre Yoskowitz
14 Apr 2013 19:26
According to new figures from the Association of American Publishers, ebook sales have taken a significant share of book industry revenues.
Ebook accounted for 22.5 percent of overall revenue in 2012, up from 16.98 percent in 2011.
The biggest winners within the ebook world were adult fiction, adult nonfiction and religion. Overall, the industry saw a nice boost in revenue, up 6.2 percent from 2011 to $7.1 billion.
The report was not all roses, however, as it showed the growth slowed and ebooks may be nearing a plateau that will be tough to cross.
Additionally, dedicated ereader sales are falling as more consumers begin to use their tablets and smartphones to read.