March 20, 2011 09:01 pm EDT

Ebook sales in the US double year-on-year, paper books suffer double-digit losses

We doubt the world will ever get to a stage where it'll completely ditch ye olde paper books, but the US consumer market seems to clearly have its heart set on the electronic kind right now. Net ebook sales in January were this week reported to have accumulated $69.9 million in revenue for their publishers, which amounts to a 116 percent jump from last year's total for the month. During the same period, adult hardcovers were down 11.3 percent to $49.1 million and paperbacks faced a similar reduction in demand and fell to $83.6 million, a precipitous drop of 19.7 percent year-on-year. Educational and children's books weren't spared from this cull of the physical tome, either -- skip past the break to see the full statistical breakdown.

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Ebook sales in the US double year-on-year, paper books suffer double-digit losses originally appeared on Engadget on Sun, 20 Mar 2011 17:01:00 EDT. Please see our terms for use of feeds.

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