Am*zon’s Calling. Who’s Answering?
Can Am*zon slay Hachette with a phone? While independent booksellers and publishers wait to see if the multinational publishing house can keep the monopsonistic retailer from fully plundering publishing, the book industry and merchants of all kinds are watching nervously to find out if Am*zon’s new phone will indeed, as The New York Times suggests, “close any remaining gap between the impulse to buy and the completed act.” But Wall Street’s not anxious about Am*zon’s announcement today.As Am*zon customers propel the retail giant ever closer to the exclusive $100 million revenues club, investors ignore Am*zon’s barely measurable profits, giving Jeff Bezos unprecedented financing to take over the world. Bezos is undaunted by formidable challenges such as, say, breaking into the cell phone market where Blackberry is a footnote and Apple and Samsung dominate decisively, at least for now. Will his new phone spread seductive one-click shopping to every house and hand? Stay tuned for more.