What Caused The Amazon Earnings Share Loss?

October 26, 2014

What caused the Amazon earnings share loss?Every Indie author recognizes Amazon as the 800 pound gorilla in the book distribution/sales industry. Even the analysts didn’t expect the large Amazon earnings share loss announced this week. On Thursday, October 23, 2014, Amazon announced a 95 cents a share earnings loss. This has caused the stock price to drop 13% because of these missed estimates. You can check out the story here.

Amazon credits the slowing growth to the lack of students buying textbooks this quarter. However, Time is speculating that the dispute between Amazon and Hachette Books might be contributing to the downturn.

Authors have been watching this dispute between Amazon and Hachette Books. If you have been living in a cave for the last year, Amazon has been making it more and more difficult for their customers to purchase Hachette books.

Time reported

“In August, 900 authors, including Stephen King, Malcolm Gladwell, Barbara Kingsolver, Jane Smiley, John Grisham and James Patterson, signed a letter to Amazon defending Hachette, accusing Amazon of “selective retaliation” against writers.” 

 

Check out the article here.

What do you think about Amazon’s earning report? Have you seen your Amazon revenue drop? Do you think it’s due in part to the Hachette dispute?

Leave a comment and share your thoughts.

If you’d like you can continue this discussion over on Google+ https://plus.google.com/+LynnJordan/

 

Lynn

 

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