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Originally Posted by leebase
Apple certainly is in the "margin" business...as in "make a profit"....as are all book sellers save Amazon. It is not in the publishers best interest for Amazon to drive profits out of the book business.
Let the customers decide with their wallets. If Amazon is so sure that certain publishers price their books "too high" -- let the market teach them. All the indie publishers and "wiser" traditional publishers will price cheaply, and the stupid publishers will just go out of business because they, unlike Amazon, don't know the worth of a book.
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Apple is in the "high" margin business. There is a difference. As to Amazon, they took a loss on some ebooks. Overall, they still made a profit on ebook sales.
Under wholesale, the publishers made more than they did under price fixing. If Agency is such a wonderful pricing scheme, then why don't they do it for print books?