Quote:
Originally Posted by Andrew H.
*Overall,* sales tripled, e-books outsold paperbacks, and agency pricing didn't seem to have much effect. One example of people being price sensitive is meaningless when compared with the aggregate. (Although of course it may matter to James Patterson). That's how statistics work.
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Here's the quote from Amazon:
"Unsurprisingly, when prices went up on agency-priced books, sales immediately shifted away from agency publishers and towards the rest of our store. In fact, since agency prices went into effect on some e-books in the US, unit sales of books priced under the agency model have slowed to nearly half the rate of growth of the rest of Kindle book sales."