Ebooks finally surpassed the revenues of hardcovers in the first quarter of 2012. I wouldn't have though that it would be so soon. The AAP (Association of American Publishers) posted a report indicating that sales of adult ebooks (no children/young adult in this statistic) reached $282.3 million versus $229.6 million for adult hardcover sales. With hardcover cost being higher than the ebook format, the number of ebooks sold in that period must quite high but still, mass market paperback are at the top with $299.6 million.
Back in December 2010, 52% of the respondent of the poll I did on the blog said that they were not or would not read ebooks, mostly because of the loss of physical feeling...
Here's a wrap up of the growth:
"Total Trade net revenue grew by +27.1% vs January 2011. Growth was reflected across Adult, Children’s/Young Adult and Religious categories. While Children’s/Young Adult physical format Hardcover and Paperback both saw strong double-digit growth (68.9% and 61.9% respectively), AAP’s first monthly data on Children’s/YA eBooks showed a massive +475.1% increase from 2011 to 2012. Some publishers have attributed this to the availability of more options for devices aimed at those demographics as well as a number of popular new releases."