It seems that the electronic age is competing head on with the traditional media. A recent report by AAP ( Association of American Publishers) shows that this year, the revenue from ebook sales have been higher than that from hardcover sales. In Q1, the revenue from adult ebooks reached $282.3 million while that of young adult and children’s ebooks was $64.3 million. Compared to ebook sales, the revenue from adult hardcover books reached $229.6 million in Q1 2012. The revenue from downloadable audiobooks in Q1 rose to $25 million.
This growth is primarily driven by an increase in the use of ereading services from tablets and smartphones as well as a number of popular new releases.