BetaONE will rise again!


Reply
  #1  
Old 15th Jun 07, 08:19 PM
NewsBot's Avatar
NewsBot NewsBot is offline
Senior Member
 
Join Date: Oct 2004
Posts: 30,940
NewsBot will become famous soon enough
Amazon Won't Profit From 'Harry Potter'
Amazon.com Incorporated has taken more than a million pre-orders for the final Harry Potter book due out in July, but according to Chief Executive Jeff Bezos, the world's largest Web retailer won't make a profit. Amazon's handling of the "Harry Potter and the Deathly Hallows" release comes down to a $17 discount off cover price, a free shipping offer and guaranteed on-time delivery. The company is once again demonstrating that it is willing to take a hit to cement customer loyalty.

Amazon sacrifices $600 million in shipping revenue each year, thanks to the $79-a-year Amazon Prime free shipping membership available in the U.S. and Japan, and other shipping offers. "We are very focused on the long term, but we also believe that the long term has to eventually come," Bezos said. He noted that in the past, periods of intense investment started to pay off in five to seven years.

News source: Physorg

Read full story...



More...
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Amazon announces long-rumored DRM-free music store NewsBot NeoWin News 0 16th May 07 06:53 PM
IBM and Amazon settle all patent litigation NewsBot NeoWin News 0 10th May 07 11:24 AM
Amazon DVD Shrinker v2.4.3 Fisher FreeWare & Shareware 0 8th Oct 05 03:45 AM
Amazon Launches DVD Rental Service NewsBot NeoWin News 0 11th Dec 04 05:00 PM
Amazon Launch DVD Rental Service NewsBot NeoWin News 0 11th Dec 04 04:00 PM


All times are GMT +1. The time now is 04:26 AM.


Design by Vjacheslav Trushkin for phpBBStyles.com.
Powered by vBulletin® Version 3.6.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.