Amazon's not making a profit on Harry Potter?

[icarus]

Amazon.com tells its shareholders it's not going to make a profit on the next Harry Potter book.

With their steep discounts, guaranteed delivery and free shipping, they're not going to make a profit on the biggest thing to hit publishing in the last ten years?

Good lord. These guys are as stupid as when I worked for them almost a decade ago. But hey, they are "cementing customer loyalty."

Hello? Customers will be just as loyal if you make a profit.



(Knowing them they just miscalculated the costs and now are trying to cover their collective asses. The place is run by teenagers.)


ETA: In other news, now have 838 more words of Out Of Bounds. And counting.

Comments

[jaig.livejournal.com]

It's like watching a civilization implode and knowing exactly why.

[icarusancalion.livejournal.com]

I like the evil glee of your tone there. *laughs, or was that a cackle?*

[jaig.livejournal.com]

*hums* It's rather their fault, and glaringly so, and Amazon apparently started the whole slashing prices thing, which meant everyone else did to stay competitive, so it's... their fault.