Book sales rose 6.2% last year in the U.S., thanks to the continued growth of electronic publishing, according to newly released StatShot data from the Assn. of American Publishers.
Electronic books, which a decade ago represented a tiny fraction of the industry's revenue, now are the fastest-growing segment of the publishing business. Indeed, sales of digital versions of books for children and young adults more than doubled in 2012 from a year earlier.
The digital transition has been gathering momentum since the 2007 introduction of e-readers such as Amazon's Kindle, and accelerated with the soaring popularity of tablet computers that followed the 2010 launch of Apple Inc.'s iPad.
E-books account for an increasing share of the industry's sales, rising from 1% of revenue in 2008 to nearly 23% of sales in 2012, according to data provided by nearly 1,200 publishers.