TechCrunch - The Association of American Publishers released a report today that shows that ebooks have beaten hardcover revenues for the first time. Ebook revenues topped out at $282.3 million YTD while hardcovers hit $229.6. Almost exactly a year ago the tables were turned with ebooks hitting $220 million and hardcovers brushing past $335 million.
The only growth in hardcovers is in the young adult/children’s category where hardcover revenue rose to $187.7 million and children’s ebooks rose to $64.3 million, up from $3.9 million in 2011.
In short, ebooks are winning. More