Given the brisk sales of Kindles, Nooks and iPads over the last few months, it doesn’t come as a surprise that the sales of eBooks are also flourishing. According to the Association of American Publishers (AAP), eBook sales for January to August are up from $89.8 million for 2009 to $263 million in 2010. This 193% increase in sales means that electronic books now account for almost 10% of consumer book sales in the U.S., up from just 3.31% in 2009. All of these numbers exclude textbooks and other academic texts, so the actual numbers a likely even higher.
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As eBooks become more popular, it also doesn’t come as a surprise that the sales of regular hardcover books are suffering from this. Amazon already sells more Kindle books than hardcover texts today and in the overall market, sales of hardcover books were down 24.% in August when compared to last year (the AAP does not release monthly numbers for paperbacks).
AAP Reports Publisher Book Sales for August
Image credit: Flickr user GoXunuReviews.
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