Quote:
Originally Posted by Andrew H.
The problem with all of these claims of publishers getting it wrong is that publishers are doing very well by e-books. Big publishers' sales *tripled* in the year after agency pricing was put into effect, and e-books are accounting for an important part of their profits (they are still only 10% or so of the US market, but that's a decent chunk).
So far there is no evidence that cheaper indie books are hurting publishers at all.
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I think that the reason for this is because there are millions of new eReader owners with very few ebooks and they are buying their must-read authors and their favorite books for their new eReaders. I think that in a year or two, after most people who want an eReader have already bought one, and have purchased their base set of ebooks, big publishers will find that customers will resist buying high priced ebooks. Just as in the print world, not everybody is willing to pay top dollar for a new release, and many readers will wait for price drops, buy fewer ebooks, and/or find new, cheaper authors.