Quote:
Originally Posted by Fbone
To be fair Kobo recently posted a $10 million loss and needed a $50 million capital injection.
|
Fair point on the loss, but lets face reality on the capital injection: there is no way in their wildest imagination that Kobo expected the phenomenal success/growth they've had which would have necessitated a need for capital way beyond what their original business plan would have called for.
Quote:
Originally Posted by Fbone
Financial success in the ereader market is proving to be elusive for many companies.
|
To me, the fact that so many publishers seem to be going to agency pricing and not allowing discounts says that e-books are giving paper books a kicking and bookstores are pushing the publishers so they can't be undercut on price by the e-books. Albeit there are many options for reading the e-books so this isn't guaranteed to mean the success of e-book readers, but it bodes well.