E-Book Sales a Boon to Publishers in 2012
In a year that was monopolized by the “Fifty Shades” erotic novels and knockoffs, e-book sales in fiction rose 42 percent over the year before, to $1.8 billion.
None of this, I say, none of this is surprising. Note as well the 117 percent increase in sales of ebooks for children and YAs. Oh, yes, and downloadable audio.
The survey revealed that e-books now account for 20 percent of publishers’ revenues, up from 15 percent in 2011. Publishers’ net revenues in 2012 were $15 billion, up from $14 billion in 2011, while unit sales of trade books increased 8 percent, to $2.3 billion.