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July 20, 2012 05:17 pm GMT

Bookpocalypse: Adult Fiction eBook Sales Now Greater Than Hardcover Revenue

old-bookIf you couldn't tell from the massive e-sales of a tale about a young lady who loves to love the wrong man, ebooks are massively popular, doubling in 2011 to completely surpass sales of hardcover adult fiction.The Book Industry Study Group released their poll of 2,000 publishers yesterday, announcing that book sales declined 2.5 percent in 2011, down to $27.2 billion from $27.9 in 2010. Ebooks brought in $2 billion in 2011 while most revenue still came from print.

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