Research News United States

Subscribe

Advertise your job ad
    Search jobs

    US sees stronger eBook sales, but growth slows

    WASHINGTON, US: Electronic books provided 23% of US publishing revenues in 2012 but sizzling growth rates have eased, according to industry figures released on Thursday.

    The Association of American Publishers said eBooks gained ground in all categories - adult fiction and non-fiction, young adult and children's and religious publishing - and helped the industry increase revenues 6% to US$7.1bn for the year.

    The percentage of revenues from eBooks rose to 23% of net publisher revenues in 2012, from 17% in 2011 and just 1% in 2008, the trade group said.

    Growth in eBook sales was 41% - an impressive figure but below the red-hot pace of recent years including 2011, when eBook sales doubled.

    For adult fiction and non-fiction, eBooks provided US$1.3bn in revenue, a 33% gain.

    Sales of children's eBooks were up 120% in 2012 to US$233m, driven by huge gains from titles like The Hunger Games.

    The association said December data showed slower growth than in the past, suggesting the market is losing momentum.

    Adult fiction and non-fiction eBooks showed a gain of 20% in December versus the previous year, and sales of children's eBooks fell 21%.

    "In 2012, eBook revenue growth hit an inflection point - where it went from reliable triple-digit increases to double-digit increases," the group said in a statement.

    "January 2013 could be a month of big increases following a holiday season during which many readers unwrapped new e-readers and tablets."

    Source: AFP, via I-Net Bridge

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
    Let's do Biz