Quote:
Originally Posted by SensualPoet
This claim has been posted before -- that Kobo is in financial distress. This is twisting the actual facts and, in spite of your lead in, it is not fair.
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There is room for 2 or 3 or perhaps 4 ebook platforms worldwide and, at this point, Kobo certainly appears to be playing a strong, not a weak, hand as was implied.
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My post was referring to Sony's claimed $3 billion loss, Kobo's $10 million and B&N's reduced net income. It wasn't my intention to imply any company was in "financial distress." But my last statement still stands. The ebook/ereader industry is a difficult one for non-Amazon companies.
In addition, what will happen when the digital book market levels off? These companies and/or divisions will need to be profitable soon while we're experiencing rapid growth. I'm not positive they can afford to introduce new ereaders every 12-18 months.
I too would like to see 4 or more platforms worldwide. Who has a strong or weak hand I don't know. Companies with a lot of cash and/or higher net incomes will fair better (and still be around) a year or two from now.