SUMMARY
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Sales of e-books more than doubled in 2011 to bring in some $2.07 billion for the US publishing industry. The data was released by the Association of American Publishers and the Book Industry Study Group, which showed e-books grew from $869 million in 2010. Last year, e-books only accounted for 6% of overall publishing revenues. There’s more room for growth though because traditional hardcover or paperback still represents the bulk of publishers’ net revenue at $11.1 billion for 2011.
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