Originally Posted by bgalbrecht
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.
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