Why Jeff Bezos Is Fiddling While Share Prices Fall

L.J. Sellers · 07-24-2010, 12:41 PM

This is an interesting article on BNET.
http://industry.bnet.com/media/10009...s-are-falling/

One of the most intriguing statements was, "Publishing could be experiencing dollar growth entirely without readership growth."

I assume the writer was referring to print publishing and comparing it to the possibility that Amazon's Kindle is adding readers to the market.
L.J.

HarryT · 07-24-2010, 03:00 PM

Hmmm. Income growing by a "mere" 41% hardly seems like a reason to worry about Amazon.

timezone · 07-24-2010, 03:36 PM

Amazon sold a billion dollars worth of smartphones. Amazon will do just fine.

cfrizz · 07-24-2010, 03:45 PM

Quote:

Originally Posted by L.J. Sellers

This is an interesting article on BNET.
http://industry.bnet.com/media/10009...s-are-falling/
L.J.

Loved this article! Publishers really do think we are stupid and can't figure out the games that they play with pricing!

leebase · 07-24-2010, 11:46 PM

Sales didn't triple. The "growth rate" tripled. Kinda ruins the point of the article.

Amazon is going to do fine. They've branched out so that kindle books can be read on most any mobile phone and the ipad and forthcoming android slates.

The publishers put a stop to the selling for a loss -- which enabled Amazon to drop the price of the kindle. They can make money on the books instead of the kindle. This is a good thing for Amazon now that there is a flood of cheap eink readers that are only going to get cheaper -- and the B&N and Borders have joined Sony as major competitors.

Amazon is going to do just fine with ebooks -- and even more so as the iPad sells millions upon millions.

Lee

abookreader · 07-25-2010, 07:59 AM

You really have to look at it in perspective though.

The AMZN stock price was hovering around $120 right before the earnings release. After the announcement it fell to around $100 in overnight trading. Over Friday it then climbed back up to close at around $118 and by next week will probably be right back where it started. This one or two day price fluctuations are pretty meaningless unless you are smart enough to time them right.

Crowl · 07-25-2010, 11:00 AM

A lot of this stuff is just so stupid, stock fluctuations can also happen if a company doesn't match the analyst expectations even if a company has matched it's own stated quarterly forecast.

Lastblade · 07-25-2010, 11:27 AM

Day traders.

07-24-2010, 12:41 PM	#1
L.J. Sellers Novelist Posts: 287 Karma: 387979 Join Date: May 2010 Location: Eugene, Oregon Device: Kindle	Why Jeff Bezos Is Fiddling While Share Prices Fall This is an interesting article on BNET. http://industry.bnet.com/media/10009...s-are-falling/ One of the most intriguing statements was, "Publishing could be experiencing dollar growth entirely without readership growth." I assume the writer was referring to print publishing and comparing it to the possibility that Amazon's Kindle is adding readers to the market. L.J.

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07-24-2010, 03:00 PM	#2
HarryT eBook Enthusiast Posts: 85,544 Karma: 93383099 Join Date: Nov 2006 Location: UK Device: Kindle Oasis 2, iPad Pro 10.5", iPhone 6	Hmmm. Income growing by a "mere" 41% hardly seems like a reason to worry about Amazon.

07-24-2010, 03:36 PM	#3
timezone Addict Posts: 244 Karma: 1232 Join Date: Jul 2008 Location: Boston, MA Device: Windows Phone7, Kindle Fire	Amazon sold a billion dollars worth of smartphones. Amazon will do just fine.

07-24-2010, 11:46 PM	#5
leebase Karma Kameleon Posts: 2,960 Karma: 26738313 Join Date: Aug 2009 Device: iPad Mini, iPhone X, Kindle Fire Tab HD 8, Walmart Onn	Sales didn't triple. The "growth rate" tripled. Kinda ruins the point of the article. Amazon is going to do fine. They've branched out so that kindle books can be read on most any mobile phone and the ipad and forthcoming android slates. The publishers put a stop to the selling for a loss -- which enabled Amazon to drop the price of the kindle. They can make money on the books instead of the kindle. This is a good thing for Amazon now that there is a flood of cheap eink readers that are only going to get cheaper -- and the B&N and Borders have joined Sony as major competitors. Amazon is going to do just fine with ebooks -- and even more so as the iPad sells millions upon millions. Lee

07-25-2010, 07:59 AM	#6
abookreader Wizard Posts: 1,516 Karma: 2567610 Join Date: Oct 2009 Device: Kindles - Keyboard, Fire, 2-US, iPhone, iPAD	You really have to look at it in perspective though. The AMZN stock price was hovering around $120 right before the earnings release. After the announcement it fell to around $100 in overnight trading. Over Friday it then climbed back up to close at around $118 and by next week will probably be right back where it started. This one or two day price fluctuations are pretty meaningless unless you are smart enough to time them right.

07-25-2010, 11:00 AM	#7
Crowl Wizard Posts: 1,340 Karma: 1160346 Join Date: Jun 2009 Location: Southport, GB Device: Kindle Voyage, PW Signature edition	A lot of this stuff is just so stupid, stock fluctuations can also happen if a company doesn't match the analyst expectations even if a company has matched it's own stated quarterly forecast.

07-25-2010, 11:27 AM	#8
Lastblade Nookie are we Posts: 175 Karma: 496294 Join Date: May 2010 Location: NYC Device: Nooks with and without color	Day traders.

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