Friday, April 15, 2011
eBooks overtake all other book formats
From Publishers Lunch
The Christmas boom in eReader sales has led to a matching surge in eBook sales, confirmed by a record ebook sales tally from among the 14 publishers who report. The AAP data also shows what publishers' net shipments look like in a world in which no one is sending books to Borders.
February eBook sales totaled $90.3 million, significantly ahead of the record $69.9 million reported the previous month. In January ebooks were the second-largest trade segment, behind trade paperbacks, but in February they moved ahead as the single largest-selling format (with trade paperbacks at $81.2 million).
Just as eBooks rose, print book shipments were down across the board by significant percentages, with adult hardcover suffering the most, declining 43 percent compared to February 2010. Net trade print book sales for the month among the reporting AAP members were $215.2 million--down 30 percent from $308.7 million.
(It's anyone's guess what "AAP" means, but my stab is American Association of Publishers.)