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Old 12-27-2009, 03:25 PM   #13
jasonkchapman
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Join Date: Jul 2007
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Quote:
Originally Posted by Bremen Cole View Post
@Brecklundin - Excellent post, and well written. Good points as well.

If Amazon was selling Kindles and ebooks and loosing money, they would be idiots. They are not idiots. Their profit margin may be less than they would like, but in spite of the accounting magic, they are making money. No need to feel sorry for them.
Something to keep in mind: Amazon only makes about 50-60% of its sales on media sales. That includes movies and music along with books. While books may be the most identifiable product Amazon sells, they're not that big a portion of the company's overall income anymore.

http://finance.yahoo.com/news/Amazon....html?x=0&.v=1
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