Quote:
Originally Posted by rcentros
I think the problem is your letting Apple & Company do your figuring for you. I simply don't believe Amazon was losing money selling eBooks before Apple's collusion with the publishers resulted in the agency system. Loss leaders maybe, but almost all retail stores use loss leaders and they don't do it to lose money.
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My problem is that I actually read the information. You are trying to spin the statement of selling specific eBooks at a loss into not making a overall profit for the overall eBook business, which no one is claiming.
The definition of loss leader is selling specific items at a loss to get the customer into the store, which is exactly what Leebase was saying.
No one is saying that it's illegal or that it's not something that is frequently done. What is being said is that the publisher's had an issue with it for very good business reasons.