Quote:
Originally Posted by shalym
he "garbage" that I heard about Amazon was that they were losing money on their ebook business, and I don't believe that was ever proven.
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Amazon doesn't release it's sales or financial information such that anyone could know.
What we do know is that the entire NYT Bestseller's list was sold at $9.99 and that's below the wholesale cost. We know that the publishers were upset due to the ability of Amazon to erode the sales of the hard back books that go for $26 -- and setting $9.99 as the price consumers would expect a new release popular book to go for.
We also know that the publishers couldn't do much about it as Amazon controlled the lions share of both physical and ebook sales. We were given a demonstration when Amazon ceased sales of ALL McMillan books over disagreements about ebook pricing (even though Amazon changed their mind and signed the Agency model).