E-Book Revenues Surpass Hardcovers
The net sales revenues from e-books has surpassed hardcover books in Q1 2012 according to the Association of American Publishers (AAP) revenue reports from March. Adult e-book sales were $282.3 million while adult hardcover sales were $229.6 million during Q1 2012. In the same period last year, hardcover books accounted for $335 million in sales while e-books were $220.4 million.
According to the report:
“In Q1 2012, net sales revenue for eBooks was higher than that for Hardcover; this represents a switch of positions in the category vs Q1 2011. In both quarters, however, Trade Paperback remained a clear #1 in net sales revenue despite some erosion. While eBooks continue to show growth, downloaded audiobooks also keep accelerating vs last year – as some experts have said, tied to ongoing popularity and acquisition of smartphones and mobile devices.”
The children’s category of books saw growth in hardcovers. Hardcore revenue for the category was $187.7 million for Q1, which is up nearly 67%. E-book sales in the same category skyrocketed almost 233% to $64.3 million.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry