Author Earnings reports a drop in eBook prices for the Big Five publishers. This after the same Big Five publishers artificially raised prices to poison the eBook market and force readers to buy print books. The result was a general stagnation in sales, loss in consumer confidence and a degeneration in eBook discoverability.
This new shift downward in price can only mean one thing. The Big Five publishers remember all the rich profit they made on their even moderately priced eBooks, and with the continued decline in print book sales, their out-of-date business model needs a shot in the arm from the future they tried to prevent.
Is it possible they’ve gone too far, or can the eBook market recover? It’s certainly suffered from their interference, but has survived thanks to the diligence, commitment and fair prices of Indie authors and publishers.
