Buy a new Kindle, and you might have to shell out a fortune on a new paperback.
There’s a reason why Amazon’s Kindle Paperwhite is on sale for $299.99 on the company’s site: It has the best price for books in Australia.
But the latest Kindle sales figures, which are published online, show the company is losing money.
Amazon’s Kindle books are still selling more than a year after the company announced it was shutting down the online bookselling business.
The company announced that its book sales were down by 4.9 per cent for the first nine months of this year.
“We’re not sure exactly what we’re doing with those numbers, but they’re down quite a bit,” said Stephen Hirsch, the vice president of product development at Amazon.
He said the company would not be able to give an exact figure on how much it lost.
Mr Hirsch said the decline was due to a number of factors, including a “substantial shift” in demand for digital books, Amazon’s new Kindle-specific software and other changes.
“[Amazon] is not selling the same books that they were before, because they’re moving into the digital era,” he said.
Digital sales are growing at a faster pace than print sales, according to Nielsen.
What’s behind Amazon’s loss?
Mr Kallinen said Amazon’s main culprit is the shift in sales between online and print bookselling.
Online bookselling is now more popular, he said, with people spending more money on digital books and getting the best deals online.
If Amazon loses some of its best-selling titles, the company will have to cut costs.
And if it can’t save enough books from the books on sale online, it will have trouble paying its suppliers for the books, which could hurt sales.
It is not uncommon for bookstores to have to lay off staff, he added.
Some of the books that are being sold on Amazon are “very popular and are very popular, so they are being used,” he told the ABC.
While Amazon is likely to lose money, the bookseller said it was also trying to reduce its losses.
As the books are being resold, the costs associated with shipping them to customers is likely rising.
Publishers have to spend money to ship the books to customers, which will have an impact on Amazon’s profits, he explained.
A lot of people buy books on Amazon, he pointed out.
We know the price is not the most important thing, and the biggest thing is that people want the best product that we can offer.
“Amazon declined to comment on the Kindle Paperblack’s loss, but said it would continue to focus on its online business.
Topics:book,books-literature,literature-and-books,technology,books,australia,indonesiaFirst posted January 09, 2018 17:20:35Contact Stephanie Brown