Adult Trade eBook Revenues Beat Hardcovers For The First Time

TechCrunch writes that per the Association of American Publishers' March 2012 report, in Q1 2012, adult trade eBook sales exceeded hardcover sales for the first time--$282.3 million to $229.6 million. In fact, they were very close to paperback sales, which were $299.8 million. It's likely that eBooks will pass paperbacks, possibly as early as Q2, but almost certainly by the end of the year.