Jul 28 2011
Amazon announced its second quarter results on July 26, 2011. Sales were up 51% but net income was down 8%.
This is consistent with Q1 where sales were up (38%) and net income was down 33%. Amazon predicts that there will be an even greater reduction in operating income in Q3.
Amazon hasn’t said what it is doing in regards to the tax issue. More and more states are imposing taxes on online retailers. According to this article, Amazon’s tax free sales give it about a 10% pricing advantage and Amazon would likely lose 2.7% of its North American sales if it started to collect taxes.
This librarian won’t be purchasing new kindles for her library given the very restrictive policies of the Amazon Kindle. Each Kindle must be registered to a single account which, for library purposes, makes no sense. If one wants a library solution, the school or library has to purchase a subscription with Overdrive which is apparently not feasible in the budget for many institutions. This is not the case with Nook Simple Touch because the DRM isn’t device specific, but rather account specific and it sounds like there is no limitation to how many Nook Simple Touches can be attached to one account.
Unbound, a new publishing business model, isn’t drawing much attention. The problem isn’t that no one wants new books by the authors participating in Unbound as James Bridle suggests. Rather, I think that readers don’t want to crowdsource the publication of a novel when 50% of the proceeds (or more) go to the publisher. The whole idea behind Kickstarter and crowdfunded projects is that the majority of the money goes to the artist.
Publishers are releasing trade paperbacks earlier because of the increase in ebook numbers.
It used to be like clockwork in the book business: first the hardcover edition was released, then, about one year later, the paperback.But in an industry that has been upended by the growth of e-books, publishers are moving against convention by pushing paperbacks into publication earlier than usual, sometimes less than six months after they appeared in hardcover.
I guess the argument is in favor of being grammatically correct. I appreciate the advice, but I won’t be changing my way of writing. For unless I were a grammer major there would be no way for me to be sure of being grammatically correct. But at least I know that I can be creative. I always have been my whole life. I’ll just have to live with whatever I would consider to be insignificant grammer errors I may create while doing it. I’d rather stay the way I am and avoid the anal. Thank you.
“Manuscript, galley proofs, revised proofs, blue lines. You marked your changes at each stage, and then the compositor incorporated them and sent you the next stage. Now there are intermediate stages; authors will e-mail in ‘one last correction,’ or we’ll produce intermediate stages of proof — the text is fluid, in motion, and this leads to typos.”
Before digital technology unsettled both the economics and the routines of book publishing, they explained, most publishers employed battalions of full-time copy editors and proofreaders to filter out an author’s mistakes. Now, they are gone.
So incredible is this tale that it is only believable because it actually happened. Seemona Sumasar dated Jerry Ramrattan but after their relationship went south, Jerry allegedly raped Seemona. Jerry then concocted an elaborate revenge plot that set Seemona up as an armed robber of immigrants. She was imprisoned, separated from her 12 year old daughter, and lost her fledgling restaurant business. You’ll have to read the article to find how her life unraveled and how the truth just might be coming to light.