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US: 'E-book revenue outstrips hardbacks in first quarter'
18.06.12 | The Bookseller News Team
Further evidence of the rise of digital and the decline of print comes from the US where, according to a report from the Association of American Publishers (AAP), revenue from e-books outstripped hardbacks for the first quarter of 2012.
E-book sales from 1,189 participating publishers totalled $282.3m in Q1, up 28.4% from the previous year, according to the report, quoted in the US media.
This compares to revenue from hardbacks in Q1 of $229.6m, a rise of only 2.7%. The AAP also said that sales of young adult and children’s e-books increased by 233% year on year for the period, to $64.3m.
Paperback sales still outstripped ebook sales, with revenue of $299.8m in Q1, but the trend is downward. In the equivalent period in 2011, paperback sales were $335m. Meanwhile, audio book revenue increased from $18.8m to $25m, a rise of 32.7%.