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Originally Posted by murraypaul
Just because Amazon selling cheap eBooks was cutting into hardback sales, doesn't mean they were cutting into hardback sales from Amazon
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They were cutting into hardcover
best seller sales, which is why the publishers reacted.
Amazon is the world's largest catalog retailer, and the largest book retailer. A good chunk of any house's hardcover releases are bought through Amazon.
Amazon was releasing Kindle editions of best selling books
at the same time as the hardcover, at their standard $9.99 price, which is about a third of the cost of a current hardcover. People capable of reading an electronic version were opting for the Kindle edition. Publishers were seeing drops in their revenue and profits.
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This doesn't prove what you seem to think it does.
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No? What do you think it doesn't prove?
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Dennis