Sales of e-books double in a year, survey says

Fair goers try out the textunes eBook reader app on an Apple iPad at the Leipzig Book Fair on March 15, 2012 on the fairgrounds in Leipzig, eastern Germany. From March 15 to 18, 2012, more than 2000 exhibitors from 44 countries present their products of the publishing and media sector. AFP PHOTO / ROBERT MICHAEL (Photo credit should read ROBERT MICHAEL/AFP/Getty Images) ROBERT MICHAEL

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(CBS/AP) NEW YORK - Yes, e-books are hot. And so are novels for young people, which seem to attracting a much wider audience these days.

Sales of e-books more than doubled from 2010 to 2011, according to an industry survey of nearly 2,000 publishers released Wednesday. E-books jumped from 6 percent of the market to 15 percent. E-revenue for new adult fiction is now higher than the revenue for hardcovers.

Sales for books overall dropped 2.5 percent to $27.2 billion and 12.6 percent at physical stores, thanks in part to the fall of the Borders superstore chain.

But revenue for children's/young adult fiction increased 12 percent, with "The Hunger Games" selling millions of copies and readers of all ages buying them.

The survey was compiled by the Book Industry Study Group, a research organization, and the Association of American Publishers.

  • CBS News Staff

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