US Publishers blessed E-Books leading the industry

According to the monthly release of the Association of American Publishers (AAP), “E-Books have enjoyed triple-digit percentage growth, 202.3%, vs February 2010, ranked as the #1 format among all categories of trade publishing in the U.S.” The market for printed books shrinked for double digits, as year-to-date 2011 vs YTD 2010: E-Books increased by 169.4% while all categories combined of print Trade books declined by 24.8%. (H. Kamata)

Tom Allen, President & CEO of AAP gave blessing in the press release:“By extending their work as developers, producers and marketers of high-quality content to emerging technologies, publishers are constantly redefining the timeless concept of ‘books.’” Considering single month sales of $90.3 Million E-Books, it may not a surprise that he positively accepted the disruptive change and didn’t regret for the decline of P-Books.