188% growth in e-fiction
The Publisher’s Association clocks huge year on year growth in digital novels
The Publisher’s Association has published statistics reporting a 188% growth in e-fiction during the first half of 2012, compared to that of the previous year.
Richard Mollet, CEO of The Publisher’s Association, said: “The huge increase in digital sales shows how rapidly readers and publishers are embracing e-book reading.”
There are over one million books on Amazon’s Kindle store alone.
However it claims physical print sales are only dropping at a rate of 0.4% per year.
Sales of digital children's books were up 171%, while non-fiction titles increased by 128%.