E-Book Sales Rise More than 1,000% Since 2008


EXCERPTS

Well, here’s one growth industry in the middle of our dire economic straits: According to a new survey of sales revenue provided by more than 2,000 publishers in the U.S., book sales are rising, with e-book revenue growing a surprising 1,274% between 2008 and 2010.

Revenue on e-books reached $878 million in 2010, with sales hitting 114 million copies in that year, an increase of 1,039% over 2008 sales. Part of that growth comes from customers going from store shopping to online shopping: Online spending rose 55.2% between 2008 and 2010, according to the survey, with sales growing 68.6% in the period of the survey.

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