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The New York Times reports that in 2012, "e-book sales in fiction rose 42 percent over the year before, to $1.8 billion. Growth in nonfiction e-book sales was smaller, a 22 percent increase, to $484.2 million. E-book sales in the children’s and young-adult categories increased 117 percent, to $469.2 million."

Meanwhile, the sale of hardcover books, trade paperbacks and mass market paperbacks all were relatively flat.

The survey, conducted by the Association of American Publishers and the Book Industry Study Group, "revealed that e-books now account for 20 percent of publishers’ revenues, up from 15 percent in 2011." And, in fact, "publishers’ net revenues in 2012 were $15 billion, up from $14 billion in 2011."
KC's View:
It is extraordinary the extent to which the book business has evolved ... reflecting clear changes in how people consume content. These kinds of changes can affect every industry, every business, every leader, and every employee.