Quote:
Originally Posted by HarryT
Largely through a doubling of eBook revenues, according to the article I linked to. That's what I don't quite understand, you see: if I were to believe what I read on this site, I'd probably think that traditional publishers were on their last legs, but the financial results just don't bear that out. Penguin had an 8% increase in profit last years; Random House a 7% increase. Does that really indicate an industry which is in terminal decline?
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Uh, through the conspiracy, those companies *raised* average ebook prices 30%.
30% price increase, 8% profit increase?
Uh, I dunno, but is that supposed to be a *good* result?
(That's what I meant about "how profits are achieved".)
The ebook business in the US and UK has been booming.
It won't be booming forever.
What happens then?
They try a *different* conspiracy?