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Originally Posted by taming
In the article, it also said that Kobo lost $10M in the last quarter and is not expected to be profitable for another year.
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Yes, and fresh capital was injected into Kobo in recent months. But, then again, Kobo launched in the US and the rest of the world less than 10 months ago. One does not expect a start-up to generate profits in the initial couple of years at a minimum. Kobo is run on a shoestring, relative to its rivals, and has become a serious contender in the e-reader space.