Amazon Rakes In More Cash, And Spends It Wisely

Amazon announced its Q2 results yesterday, and the growth was stunning – net sales were up 51% on 2010, topping out at $9.91bn for the three month period ending June 30. Founder and CEO Jeff Bezos said that “low prices, expanding selection, fast delivery and innovation are driving the fastest growth we’ve seen in over a decade.” He also noted that the Kindle 3G with Special Offers (priced at $139) quickly became their bestselling Kindle. As usual, no exact numbers were given. Those deep pockets just keep getting deeper. But what are they doing with the money? Despite this staggering growth, profits are down 8% on the same period last year. Why? Some of the details from Amazon’s press release Read More…

You Can Go Your Own Way: European Publishers Double Down On America's Mistakes

I had promised that this blog will have more of an international focus, and that hasn’t been the case to date.  My excuse is that most of the companies and events driving change have been American, and the US is far ahead of the world in terms of e-reader and e-book adoption rates. And it’s where the rest of the world is headed at greater or lesser speeds. At this point we have covered a lot of the basics, so it’s time to take a little trip around Europe to see what’s going on in some of the larger book markets.

You Can Go Your Own Way: European Publishers Double Down On America’s Mistakes

I had promised that this blog will have more of an international focus, and that hasn’t been the case to date.  My excuse is that most of the companies and events driving change have been American, and the US is far ahead of the world in terms of e-reader and e-book adoption rates. And it’s where the rest of the world is headed at greater or lesser speeds. At this point we have covered a lot of the basics, so it’s time to take a little trip around Europe to see what’s going on in some of the larger book markets.