Quote:
Originally Posted by bsg75
It is well known by everyone in the industry that Amazon et al. LOSE MONEY on eBook sales. Barnes & Noble types are looking to make profits in the future and battling for market share, but there's no profit in eBooks as of right now. They pay publishers about $12 for NYT bestsellers, half the price of the hardcover, and they take a loss with each sale at the $9.99 promotional price.
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In society, we take the easy (and cheaper) way out. Living overseas, ordering books from Amazon/B&N costs a lot in postage (accounting for some 30-50% of the cost of books I purchase on line). eBook will be the way to shop, and with better and better ebook readers coming out, the change will be inevitable. Some larger companies will take a loss to get marketshare - that's simply business. They hope to recoup this in the near future.