Engadget reports today on figures published by the Association of American Publishers (AAP) which show that sales of e-books and downloaded audiobooks continue to grow. According to the report, US sales of e-books generated approximately $90.3 million in revenue in February, which was triple the figure reported in January. During the same period, the sales of printed books fell by 34 percent. This marks a growth of 202.3 percent for e-books compared to February 2010. The report also shows that for February 2011, e-books ranked as the #1 format among all categories of Trade publishing, which includes books for both adults and children. AAP puts this February surge down to strong post-holiday e-book buying from those who got book readers and iPads as presents.
Source: E-book sales triple year-over-year, paper books decline in every category -- Engadget"The February results reflect two core facts: people love books and publishers actively serve readers wherever they are. The public is embracing the breadth and variety of reading choices available to them. They have made e-Books permanent additions to their lifestyle while maintaining interest in print format books." Tom Allen, President and Chief Executive Officer of AAP.