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Amazon (AMZN) has chalked up another victory in the global book wars after the EU accepted an...

Amazon (AMZN) has chalked up another victory in the global book wars after the EU accepted an offer from Apple (AAPL) and four publishers to ease price-cutting restrictions in exchange for ending an antitrust investigation. The publishers include CBS's (CBS) Simon & Schuster and News Corp. (NWS) unit HarperCollins. Interestingly, Apple didn't accept a similar deal in the U.S. and is going to trial.
Comments (4)
  • David Jackson
    , contributor
    Comments (1230) | Send Message
     
    Why is this a victory for Amazon?
    13 Dec 2012, 06:50 AM Reply Like
  • Surely
    , contributor
    Comments (204) | Send Message
     
    This story has been sold as an Amazon "victory" since it began and I have never understood why.
    13 Dec 2012, 11:39 AM Reply Like
  • Jack Baker
    , contributor
    Comments (894) | Send Message
     
    You must not be familiar with Jeff "free pass" Besos. Everything Amazon is construed as a win. Even their razor thin margins, no-profit Kindles, lack of top-line or bottom line growth and their 3000 p/e. I mean why wouldn't people be selling all of their AAPL with an 8 p/e after cash and 40% YOY growth and buying all the AMZN they can get their hands on?
    13 Dec 2012, 01:47 PM Reply Like
  • Tae Kim 75
    , contributor
    Comments (181) | Send Message
     
    It's not. Apple and Barnes & Noble have been matching Amazon's lower $9.99 e-book pricing. All it does is lower margins and sales for everyone.
    13 Dec 2012, 08:27 AM Reply Like
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