E-Books are Getting a Piece of the Pie

The Open e-book Forum, a trade group for electronic publishers, states that sales of e-books in the first quarter of 2004 were $3.23 million, a 20% jump from the prior year. Even though book selling giant Barnes & Noble Inc. had a 25% third quarter drop, total sales for the year were $1.46 billion. According to the American Association of Publishers (AAP), e-book sales grew in September by 61.6% ($800,000). This rapidly expanding business is up 62.0% for the year.   

With new technologies developing, the growth of "electronic reading" online, and the availability of portable multimedia content devices, e-books have the ability to really take off and gain market share. It is exciting to see e-books getting a piece of the pie.

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