By analogy, in the US, when Agency Lite was brought into existence, Kobo saw its net revenues steadily decline. Kobo has since stopped investing in marketing in the US, closed its office in Chicago and is focusing on other markets. Its market share and revenues are now negligible there.
Boldfaced emphasis added by me.
Well, there it is. What I’ve thought was the case for at least the past year.
B&N’s Nook division goes into a death-spiral of losses.
Sony pulls out and sends it eBook customers to Kobo.
Now Kobo is saying it has basically written off the American market.
That leaves Amazon as undisputed winner.
Tell me again how ePub 3 is going to save everyone from Amazon…