The decline and fall of the hardback book | Business blog | Business, finance, media and technology views from the Financial Times – FT.com

Check the article link below for more book publishing market dynamics

The effect can clearly be seen in the latest sales figures released by the Association of American Publishers (via GalleyCat). In the first half of 2011, e-book revenues rose 160 per cent to $390m while adult hardback revenues fell 23 per cent to $386m.

As my colleague Andrew Edgecliffe-Johnson wrote in April, e-book sales briefly overtook those of adult paperbacks in February but it was an unusual month. Adult paperback sales outstripped e-books in the first half as a whole, falling 18 per cent to $473m.

The decline and fall of the hardback book | Business blog | Business, finance, media and technology views from the Financial Times – FT.com