Quote:
Originally Posted by charleski
OTOH, it's no secret that Amazon has been pushing for deeper discounts on titles for a long time now. It's no secret that Amazon's latest profits have jumped 71% on the back of a 42% rise in revenue, and that the previous quarter saw a 62% rise in profit from a 28% rise in sales. With profits rising faster than sales, it doesn't look like they're engaging in selling a great deal of stuff at a loss. And yet Amazon claims that it's selling more books for the Kindle than ever.
Amazon's stubborn refusal to abandon the $9.99 price has hurt it (this petulant little foot-stamping episode is worthy of a six-year-old), and more importantly, it has hurt us. The major publishers have long made it clear that they need more flexibility in ebook pricing to reflect changing sales windows, but Amazon didn't want to co-operate. The only thing Amazon has managed to achieve is to reduce the perceived value of books in the eyes of the public, as has been amply demonstrated here and elsewhere. |
Exactly. I am surprised that so many people here seems to miss these points.