Tim Waterstone may have seen the writing on the wall when he launched his new digital venture this week. Or at least made a visit to the United States recently.
E-books last year accounted for 22.6 per cent of US publishers sales last year according to information released yesterday. A report from the Association of American Publishers said that figure compared to 17 per cent the previous year and just 3 per cent in 2009.
However, analysts suggest the figures indicate growth could be set to plateau from the rapid rises seen in 2010 and 2011.
But the levels of sales are an indication of the possible impact on the UK where the market is relatively immature.
Total book sales increased 6.2 per cent to $7.1 billion (£4.6 billion).
Earlier this week bookshop entrepreneur Waterstone announced he had been appointed a non-executive at Read Petite. The new online book venture will offer short stories and serialised books for handheld devices such as the Kindle and the Kobo.
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