E-books sales are still growing, but not at the manic rate they once did, reports trade...

|By:, SA News Editor
E-books sales are still growing, but not at the manic rate they once did, reports trade association AAP. After growing to account for 17% of U.S. book publisher sales in 2011 from a mere 3% in 2009, e-books made up 22.6% of 2012 sales. Altogether, U.S. trade book sales are believed to have grown 6.2% in 2012 to $7.1B, evidence the e-book transition has done more good than harm for the publishing industry (PSO, MHP, SCHL). Amazon (AMZN), with its huge share of e-book sales, can't complain, but Barnes & Noble (BKS) is arguably in a tougher spot.