What about Apple and E-Books?
Actually, what about E-Book prices?
Most authors are paid in terms of a percentage of the price of the book sold. The details vary from publisher to publisher and from author to author. For those on the outside looking in, a particular author with a particular publisher may get a different percentage than another author with the same publisher. In the self-published world, there are cases where the author gets a flat amount per book sold. Depending on a ton of factors, the percentage the author gets might be based on the actual selling price of the book or it could be based on the cover price, regardless of the selling price. Also, the percentages vary between print and E-Books, but since we’re looking only at E-Books for this article (http://news.yahoo.com/ny-judge-apple-colluded-raise-e-book-prices-231629411.html) we’ll just ignore that for now.
Yeah, it’s complicated.
The real bottom line is that in most cases, the higher the price of the book, the more the author gets per book sold.
It doesn’t matter if you agree or not, but the fact is that legally speaking, Apple was found by a court of law to be guilty of price fixing. Some would say gouging. The several publishers involved have, essentially, admitted guilt and settled. While the last say will—as the article points out—rest with the Supreme Court, right now Apple is indeed guilty…in the same way that OJ is innocent of murder.
From purely an author’s point of view, is the fact that the books are selling for higher prices a good thing? In general, higher prices mean higher royalties. Isn’t that good for the author? Or, perhaps, do the higher prices lead to fewer sales and that translates into less income?
From my own personal experience, I can’t really say…E-Books account for about 2% of the time I spend writing and less than 1% of my income. If graphed, I doubt I could even find the income impact on the chart.
But there are many authors who write exclusively in E-Books with some print-on-demand copies as a kind of spinoff. What’s your take on this?
And then there is the impact on the readers, the people buying the books…
What’s your take? How do you feel about the idea that a group of companies got together to artificially inflate the prices of the books you read? And, perhaps even more interesting, by how much do you think the prices were increased?
What say you?