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Though many expected e-book prices to plummet after the DOJ coaxed top publishers to allow...
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Wednesday, December 26, 2012, 2:20 PM ETThough many expected e-book prices to plummet after the DOJ coaxed top publishers to allow Amazon (AMZN), Barnes & Noble (BKS), and others to set their own prices, the NYT observes the impact of the DOJ settlement on publishers has thus far been muted. E-book prices haven't fallen "as broadly or drastically as anticipated," and the market's overall growth has slowed down. "At any given time about a third of e-book users haven’t bought a single title in the last 12 months," says industry analyst Michael Norris.
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John Sargent, CEO of Macmillan: “our e-book business has been softer of late, particularly for the last few weeks, even as the number of reading devices continues to grow.”
“The pricing war hasn’t happened because Amazon can’t afford it,” said Nate Hoffelder of the Digital Reader, a site devoted to e-book news and opinion. “The money Amazon lost on e-book discounts in 2008, 2009 was covered, at least in part, by the high price of Kindle hardware. Now that the Kindle is being sold so cheap, Amazon no longer has the hardware income to act as a cushion.”