Amazon’s results: the kindly Boy Wizard isn’t so kind to profit margins.
Harry Potter and the Deathly Hallows got thorough coverage here — not least because your devoted blogger’s daughter is a Harry Potter fan of epic devotion. But for all that the book sold like hotcakes, it didn’t make money for its #1 purveyor, Amazon.com. The online retailer racked up boffo sales of HP7 and no doubt made lots of friends among its customer base in the process . . . but it took a loss on all those sales because of heavy discounting.
Henry Blodget of Silicon Alley Insider has more.
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