eBook publishing will never fully replace paper book publishing, but over the next decade or so, we will see eBooks gain a much larger percentage of the total books bought and sold around the world.
Check out the following statistics from the Association of American Publishers:
- U.S. publishers had net sales of $23.9 billion in 2009, down from $24.3 billion in 2008, representing a 1.8% decrease.
- Adult Hardbound books showed healthy growth of 6.9%, $2.6 billion in 2009. Paperbound books for adult fell 5.2% to $2.2 billion.
- Hardbound books in the children and young adult category fell 5.0% to $1.7 billion while their paperbound equivalent grew 2.2% to $1.5 billion. [Read more…]