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Originally Posted by conan50
Because higher prices mean they sell more ebooks?
They have shot themselves in the foot with a .12 shotgun. That coupled with the massive increase of low priced Indie published ebooks is definitely taking a toll on them.
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If you have only so much money to spend on eBooks, that money will buy less and sales will drop. I also think more people are frequenting Overdrive and/or 3M where they can to get eBooks instead of buying.