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Old 05-31-2013, 02:42 PM   #9
taming
Trying for calm & polite
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Posts: 4,012
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Join Date: May 2010
Location: Mostly in Canada
Device: kobo original, WiFI, Touch, Glo, and Aura
Quote:
Originally Posted by John F View Post
I guess it would depend on your definition of "making money". Notice that they say "revenue" and make no mention of profits.
True enough!

Edit: When Kobo was sold to Rakuten, back in 2011 (for 315 M.), one of the reasons Kobo and Chapters Indigo representatives gave for the sale was that the push to get Kobo into multiple international markets and to grow was so expensive that keeping it independent was just not an option.

I wonder if it is making money at all at this point, or merely positioning itself to be a player in developing markets.

Last edited by taming; 05-31-2013 at 02:46 PM. Reason: See the edit--it's new
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