I know, the gall of some companies out there trying to make profit, as if that was what they went into business for in the first place!mwb said:In other news did you see the shocking news that restaurants charge more for meals than the ingredients costs?
I don't even agree with THIS statement! I had a huge stack of books on my nightstand when my Kindle arrived in late February, so I haven't bought many Kindle books yet --- but I can justify the purchase just for the subscriptions I've enjoyed. I *LOVE* reading the NY Times, Newsweek and The New Yorker on my Kindle. I'm sure I'll add more magazines as time goes by.Chad Winters (#102) said:"Voracious readers fear not: there still exist justifications for purchasing the Kindle 2, despite its hefty teardown price -- but only if you consume many books per month"
MWB, very apt analogy!mwb said:In other news did you see the shocking news that restaurants charge more for meals than the ingredients costs?
As has been said by some authors and publishers, Amazon's contract calls for paying 35% of the LIST price. So if list is $25 and the books is discounted to $9.99, Amazon still pays 35% of $25, which is almost $9. I imagine that's why the non-current best sellers that are new are going for more. Amazon already priced the best sellers about $2 below Sony's pricing.katsim said:The reality is that the money is not in the Kindle.... it is in getting people to buy e-books. I have a father-in-law who had a printing business - sold industrial-size printer and the media that goes with them. The printers costs thousands, but the profit margin is slim. The company made its real money in supplying ink and printing media. The Kindle is the same way, I am sure. $9.99 for books that require no storage, no shipping, no manufacturing costs - just royalties? They could make $20 off each Kindle - as long as we keep buying e-books, it still works out well for Amazon in the long run. Hopefully the prices will come down (on books and Kindles) as the sales volume increases. But no matter what, once they get a toehold, it's a moneymaker...