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Friday, April 9, 2010

eBook Sales Rise 176% in 2009


According to the Association of American Publishers, as reported by GalleyCat, the health of book publishing in 2009 was quite good, thanks to a dramatic rise in the sale of eBooks.

Book Sales Dipped 1.8% in 2009; eBook Sales Rose 176% - mediabistro.com: GalleyCat: "In its annual report on total book sales, the Association of American Publishers (AAP) estimated that U.S. publishers produced net sales of $23.9 billion last year--a 1.8 percent decrease from the $24.3 billion in 2008 sales.

In addition, eBooks accounted $313 million in sales in 2009, up 176.6 percent and surpassing audiobooks in total sales. The report also noted that the publishing industry has managed a compound annual growth rate (CAGR) of 1.1 percent over the last seven years. The statistics were tabulated from Bureau of the Census data and sales figures 86 publishers."

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