E-book revenues catching up

GAINING GROUND: Revenues for e-books topped hardcovers for the first time, according to figures from the Association of American Publishers. E-books so far have generated $282.3 million this year (up 28.1% from the same period last year), whereas hardcovers earned $229.6 million. Paperbacks still rule for now, but not by much, at $299.8 million in revenues, down 10.5% from last year. Interestingly enough, children's and young adult e-books showed "a massive +475.1% increase from 2011 to 2012."

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