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#16 | |
Grand Sorcerer
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Last edited by pdurrant; 12-29-2019 at 03:50 AM. |
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#17 |
Grand Sorcerer
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Doesn't particularly matter. That was some 13 years ago and prices came down rapidly. Amazon was always about selling content, not making money on the devices. The whole point about $10 eBooks was to force a price point on the publishers, not to sell more Kindles.
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#18 |
eReader Wrangler
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It seems to be the article writer's point of view that Apple's and the Big 5 Publishers' collusion "shunted" the eBook revolution. I think the real issue is that young people simply aren't reading many books any more. It's all blogs and social media. Personally I think selling eBooks for more than paper books is shortsighted and a missed opportunity. But I'm rehashing what I've said elsewhere.
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#19 | |
Grand Sorcerer
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#20 |
Grand Sorcerer
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I never expected to recoup my $329 (Kindle 2US) in ebook savings. Cheaper books is not why I bought in. I enjoyed $9.99 best-sellers while they lasted, but ebooks were typically the same price as their print counterparts before the first Kindles, and then they were typically a little bit cheaper after agency. Cheap ebooks for everyone wasn't actually the motivator for adoption that people want to remember it being. At least not for everyone anyway.
Last edited by DiapDealer; 12-28-2019 at 09:15 PM. |
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#21 |
Grand Sorcerer
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I find it interesting that /. posted about this spinning it as blaming Apple's conspiracy (fair) and millenials (which I consider unfair)
Also, aren't KDP-published books generally sold under the agency model when sold in ebook form, yet they're generally significantly cheaper than their dead tree counterparts? EDIT: I also suspect that the move to agency allowed Amazon to profit on ebooks, which let them sell kindles near cost whereas they used to almost have to have the kindles subsidize the books they often sold at a loss? Last edited by binaryhermit; 12-29-2019 at 12:29 AM. |
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#22 | |
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The real number, once Indies and hybrids are factored in is probably closer to a third of the market. And that still doesn't include Oyster, Kindle Unlimited, and whatever Kobo has managed to snag for *their* rentals. Or library ebook distribution, which must be significant given the ongoing attempts to stifle it by at least one multinational. Besides, that reported 20% is by revenue at the multinational publishers, where ebooks are priced to hurt. As pointed out, Indies and Hybrids are much lower (typically $2.99-$4.99, depending on genre) so real world unit sales willbe much higher. In fact, the last publicly reported numbers had ebooks holding 80% of romance sales (all those backlist and hybrid Harlequin refugees!) and nearly two thirds of SF&F. It should also be noted that in SF&F the BPHs have taken to heavy discounting of their deep backlist, so even their 20% by revenue understates reality. Not that 20% is trivial, it isn't; just that it is the tip of a much bigger unreported iceberg. Also, since I'm at it: tying ebook sales to ereader sales totally ignores all the reading happening on phones, tablets, and PCs. Last edited by fjtorres; 12-29-2019 at 07:15 AM. |
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#23 | |
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Apple didn't enter the market until Spring of 2010. The Kindle hit the market in November of 2007 (I bought one for Christmas that year to go with the Sony PRS-500 that I bought the previous year). So Amazon had some two and a half years for customers to recoup those initial $350 prices. In 2010, a new Wi-Fi only Kindle cost $139. By 2011, you could by an ad supported kindle for $79. So, agency pricing and $350 Kindles never existed at the same time. For some reason, some people seem to think that digital books should be dirt cheap and that none of the normal expenses of producing a book should apply to eBooks. The only expense that doesn't apply to eBooks is the actual printing, binding and storage cost. Amazon actually changed the dynamics of storage cost quite a bit. Once again, if you want cheap books, you can buy them. The current indie price point for authors who produce books on a monthly basis seems to be around $3-$4 bucks. The whole Agency pricing is to blame for eBooks not taking over the book market simply ignores a lot of dynamics with regards to the reading market in general. |
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#24 | |
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To the second: yes and no. Near-cost ereader pricing was indeed another of the indirect results of the conspiracy but it wasn't Amazon's idea: it was B&N that triggered it, thinking somehow they could undercut Amazon's Kindle 2 when their reader cost more to build. https://www.manufacturing.net/indust...uts-nook-price https://www.fastcompany.com/1662394/...-nook-and-ipad It is easy to forget that Amazon's immediate response was to drop prices and undercut tbe Nook reader price...with refurbs and ads. It took them months, until the K3 came out, to actually undercut Nook at $149. And that was with their near-exclusive Pearl screens. *That* was the turning point for Kindle. Before the agency-inspired B&N price cut, Nook had gone from zero to a quarter of the market and Amazon had gone from 90% of a tiny market (tens of thousands of units of the K1) to 55% of a much bigger market. When K3 came out they started selling by the million. So yes, Agency fostered both Indies and cheap ereaders, as well as walled gardens and the marginalization of interoperability as a selling point. The latter ended up *helping* amazon and hurting buyers. Two added points: First, the Kindle ads got Amazon's foot in the door of ad sales, which has beome a multibillion dollar business for them across readers, tablets, video, and online. And rapidly growing to the point it now outstrips the book side. Law of unintended consequences at work. Second, Amazon has *never* lost money on ebook sales. DOJ said it. And so do teardown analyses of tbe various Kindles. Fully documented. The first Kindles sold at 40-55% markups which was the going rate set by Sony. When B&N switched to near cost, the Kindle 2 was at $259 and with hours moved to $199 which was still $10-30 above build cost calculated by teardowns. Even today, Kindle prices follow Kobo, usually higher without ads. Essentially, they're back to market pricing and with 30-40% markups on the sales. When Amazon first hit $99 the teardown cost came in at...$96. Just enough to stay clear of the law, which Amazon's book side has been scrupulously obeying to the letter. The myth of Amazon selling books below cost comes from two misunderstandings propagated by bookstores: the first is that Amazon gets their books direct from the publishers so their price only reflects the profit margin of the publisher and Amazon (no middleman distributor, aka, Ingram, adding their profit) and *publishers'* volume discount policies. So yes, Amazon often sells books below the cost on physical booksellers...but not below *their* costs. The second is a misunderstanding of basket pricing and loss leader sales, which is a standard and totally legal traffic generator practice. Losses in the sale of one book leading to increased sales of another. The perfect example are the FIRST READS, Prime monthly titles, where each nominally free to the reader book (PRIME actually pays for those books) generate added consumer sales for those books as well as others. In basket sales, one unit sold cheap or nominally free, generates further full price sales (think BOGO deals) that generate a net profit. Lots of retailers all over do it. The thing is Amazon has a big footprint and they think outside the standard retail box. The best example being the PEARL screen limited exclusive. They had almost a year as the only source of those (ahem) clearly superior eink screens. They got that by helping finance the factory that made them via an upfront payment to eInk. eInk got their new product line to market sooner, Amazon and Sony, got first dibs. Sony underestimated tge market and sold out right away but Amazon rrad it correctly. So while others were sellibg 30,000 units a year and bragging of it, Amazon was quietly selling 4-5 million a year. With their size and volume discounts they don't need to sell below cost to undercut most competitors. They don't go out of their way to prove it because "Amazon sells below cost!" ) is great marketing. Useful. Wity enemies like these Amazon barely needs friends. |
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#25 | |
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Valentines, mother's day, memorial day, labor day, turkey day, etc. They even invented Prime day to fill in the summer months. It doesn't take much waiting to get a $69 Kindle. For that matter the 7in/8in tablets have the Kindle app built-in. And those regularly hit as low as $30. The barrier to entry into the ebook world is very, very low. You just have to want it. |
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#26 | |
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Population has grown significantly but the traditional publishing world hasn't. In reality it has shrunk significantly and was shrinking before ebooks: the business has been consolidating since the 80's so where once there were hundreds of publishers from NYC and Boston alone we are down to dozens, with the 5 biggest hiding their decline by buying the smaller ones regularly. What ebooks have done is bring in thousands upon thousands of books to market, both old and new. That is resulting in a Darwinian dilution of sales. this is reflected in the increasingly lower numbers need to reach the so-called bestseller lists and the ever shorter stays on them. The total number of readers is growing but not as fast as the number of good books out there. Even in the smaller genres it is physically impossible for anybody to read all the great books released in a single year, which used to be doable into the 70's for SF. The revolution did come, it's all around us. It just didn't take the form pundits expected. And that is just ebooks. There is a somewhat older parallel revolution in *used* pbook sales onlne. Whole 'nother ness for tradpubs. Last edited by fjtorres; 12-29-2019 at 08:59 AM. |
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#27 |
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The same holds true for music.
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#28 | |||
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https://www.nytimes.com/2010/07/29/t.../29kindle.html I think it was about a year after this announcement that the sub-$100 Kindle 4 (no touch) came out (with ads). Still before the Apple mess. https://ebookfriendly.com/timeline-kindle-history/ Quote:
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#29 |
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It seems that Apple launched their bookstore in late April 2010 (EDIT and the publishers had shoved agency down Amazon's throat by then as a result of collusion with Apple), it could be argued that kindles got "cheap" with the Kindle 3 later that year ($139).
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#30 | |
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