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Originally Posted by shalym
The "garbage" that I heard about Amazon was that they were losing money on their ebook business, and I don't believe that was ever proven. In fact, I thought I remembered that it was actually disproven, but I don't have that cite handy, and I don't feel like looking it up now.
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Correct it came out as part of the pre-trial stuff that Amazon has always made an overall profit on eBooks, just not on all titles.
Also, while they sold many "Bestsellers" at $9.99 (& not all $9.99 bestsellers meant a loss) there were plenty of times that they were charging more than that (there was always lots of complaining about it back then from the $9.99 or less or no sale folks).