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Thursday, October 14, 2010

Ebook Sales Soar!

Ebook sales are continuing to gain in strength and market share. And why shouldn't they? Digital products are obviously the new, faster, convenient, neat-gadget-provided medium, right? Of course.

Due to digital publishing, more consumers have ready access to more and varied content than ever before; and this includes content deemed unworthy by old print model faux judges...Content that is now selling very well and being enjoyed by many, thank you very much! We never did need "I-know-what's-quality-and-best-for-you" gods in the first place.

On to this report RE eBook (and total book) sales for August by Matthew Flamm in Crain's New York Business:

The latest sales figures from the Association of American Publishers show the book industry to be limping along for the month of August. But one area stands out: e-books, which surged 172% over the same period a year ago to $39 million.

For the January to August period, e-book sales spiked 55% to $263 million, or 9% of the total book market, according to the report, which was released Thursday. A year ago, e-books represented just 3.3% of the market.

Overall, however, the consumer book industry appears to be suffering from the weak economy, along with other retail sectors. Total book sales were up 3.4% for the month, to $1.6 billion, and were up 6.9% for the January through August period to $2.9 billion, but virtually all of that growth was driven by increases in sales for educational and professional publishing.

Meanwhile, sales of adult hardcover books plunged 24.4% in August, to $83.8 million. And though the category was up 5.2% year-to-date, the comparison was against a period in 2009 when hardcover sales fell 12%.

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