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But if it's major update they can regard that (rightly?) as a different version that should have a version increment and new ASIN.
Smashwords allows the customer to re-download the first version they bought, but not earlier versions, or choose ANY later version, which are all dated.
I'd not expect reading position, highlights and annotations to be preserved which why updated versions shouldn't be automatic. If a reader is choosing a later version then presumably they'd restart reading at beginning.
However all the methods of saving highlights/annotations/bookmarks on the Kindle are poor. A last highlight could be a phrase to search for in the new version and at least have the chapter. The "myclippings.txt" is a blunt tool as it has ALL books. That's why I read my Amazon books on a Kobo and only use the Kindles to purchase and to test ebooks I format.
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