American publishers are now bringing in more revenue from e-books than hardcover books, according to a report published by the Association of American Publishers (AAP).
Audio-books also keep accelerating vs last year – as some experts have said, tied to ongoing popularity and acquisition of smartphones and mobile devices.
The figures, which were posted on GalleyCat on Friday, show that net sales revenue from e-books exceeded that of hardcover books in the first quarter of the year: a first. The data was compiled from 1,189 publishers and did not include children’s books.
Collectively, adult e-books brought in $282.3 million in Q1. That’s an impressive 28.4% increase from the same period a year ago. Young adult and children’s e-books performed even better, catapulting 233% to $64.3 million. Sales of adult hardcover books grew too, but more modestly, up 2.7% to $229.6 million in Q1 2012.
What’s driving the growth? Read the whole story at Mashable