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We cannot know how much or how little profits are being made because,like the Music industry, the Publishing industry is highly manipulative about their sales, earnings and profits.
They are also hamstrung by several factors. Firstly they failed grossly to prepare for the transition to electronic devices and are having to incur much greater restructuring costs than they would have had they prepared as they were advised by anyone with a brain.
Secondly they are hamstrung by an old fashioned and outdated pricing system that totally lacks a wholesale - retail pricing structure.This results in a constant state of uncertainty of income and profit calculations.
There is on thing we do know for sure though. That is that the widespread claims by the Publishers of enormous costs in creating eBooks are totally and evidently false. The credibility of the industry is at basement level when they repeatedly issue transparently comical woe-is-me claims.
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