Ebook sales to hit $1 billion in 2011

Forrester Research predicts that ebook sales will surpass the $1 billion mark next year, while keeping their fingers crossed that this year will see a total of $966 million worth of sales. This is a vast improvement compared to last year that saw ebook sales of just $169.5 million, so this is an encouraging statistic for those who are mulling over whether to publish their next great novel electronically or not. It was found out that the average eBook reader already consumes 41% of books in digital form, so that does add to the final figure quite significantly as well. How will this translate to revenues in the good old paperhback and hardcover editions? Is it the same pie in different flavor, or is the pie enlarged?

This article was filed in Homepage > General and was tagged with ebook, ebooks and sales.
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