Quote:
Originally Posted by ST-One
Because a lot of people shop through Amazon.
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And why is that?
Amazon knows what sells and how much at what price.
All that data that everybody whines about Amazon keeping secret is their "secret formula".
They know what titles people put on wishlists and how long they wait to order and what prices they buy them at. They know when somebody puts items into a cart and save them for later, until the price drops. They know what sales are like for a book before, during, and after a Kindle Daily sale.
None of that is claiming authority, that is owning data and knowing how to exploit it to price stuff at the right price to maximize sales and customer satisfaction. Every well-run business wants that; Amazon gets closer to it than most. So they'll keep on selling lots of stuff until somebody figures out how to do it better.