Ebook sales grow 115% in JanuaryAssociation of American Publishers reports
18 March 2011
The Association of American Publishers (AAP) has revealed sales of ebooks in January 2011 were up 115% compared to the same period last year.
Its report found that ebook sales were worth $69.9 million in January 2011, compared to $32.4m in January 2010.
In the same period, hardback sales fell from $55.4m to $49.1m and paperback sales dropped a considerable 30%.
These sales figures are for the US, no similar figures are available for the UK at present.
This news from the AAP echoes similar success stories from Amazon, who in January announced that Kindle books had outsold paperbacks on its website for the first time.
Amazon chief executive officer Jeff Bezos said at the time: 'Kindle books have now overtaken paperback books as the most popular format on Amazon.com...this milestone has come even sooner than we expected - and it's on top of continued growth in paperback sales.'
Discover all there is to know about ebooks using our ebook readers explained interactive tool.
It's not all good news for ebooks, however. In the UK, the Office of Fair Trading is investigating the practice of 'agency pricing', whereby publishers set the price of ebooks instead of the retailers. This has lead, many feel, to ebook prices that are unrealistically high.
Do you think ebook prices are too high? Share your views on Which? Conversation.
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