Books fair badly on the iPhone, with Apptizr reporting that they make up only 3% of total paid for app sales. It's a different story on the iPad though, according to Nielsen's Connected Devices: Does the iPad Change everything report, with books being second only to games in terms of the apps that people are paying for. It's nice to think that books have a bright future in the tablet space.
Some nice tables:
Source: Nielsen
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