Penguin Ebook Sales Double in 2011

Penguin's digital book sales account for 20 per cent of its revenue in the United States Digital ebooks accounted for 12% of revenues at publishing giant Penguin last year after download sales doubled on a year ago, owner Pearson has announced. The books business, whose UK division published 78 top 10 best-sellers last year, grew overall profits by 5% to £111 million in 2011, despite the collapse of two major customers, including Borders in the United States. Since the beginning of 2008, digital downloads of apps and ebooks across Penguin have totalled approximately 50 million, with revenues from ebooks