Amazon.com, Inc. (NASDAQ:AMZN) has been in the news for some time now because of the Fire smartphone and while everybody else is talking about the smartphone and how good it is or how bad it is, James Stewart focused on a different aspect of the company.
Stewart wrote in his column that Amazon.com, Inc. (NASDAQ:AMZN) is involved in an impasse with Hachette. He was on CNBC yesterday and he discussed Amazon.com, Inc. (NASDAQ:AMZN)’s issue with Hachette in detail. He said that the mention of this issue was important because it shows the anti trust laws work (Sort of). He further added:
“The government sued Apple and the book publishers and I said why aren’t you suing Amazon?”
He said the government’s role is to foster the competition and no competitors and now there is real competition in the book retailing world where companies like Amazon.com, Inc. (NASDAQ:AMZN) are reigning currently.
According to Stewart, Amazon.com, Inc. (NASDAQ:AMZN) is refusing to promote Hachette’s book and this has become the new Rowling mystery this week. Amazon is trying to slowdown the sales of Hachette by charging full retail price and delaying the packages which hurts Hachette. Due to this other traditional vendors are cashing in as there are couple of big authors that are set to launch a book in the coming week. However this would test the power of Amazon.com, Inc. (NASDAQ:AMZN) and would also tell about its market share.
Stewart however said that this would benefit the consumers, other competitors and authors which he feels is a win for Justice department. He also said that he has spoke to a lot of people who didn’t want to be named have felt that going against companies like Amazon.com, Inc. (NASDAQ:AMZN) is not a good idea.
Stewart was also asked about his opinion on Amazon.com, Inc. (NASDAQ:AMZN) entering the phone business with the Fire smartphone and he said that he has seen lot of people entering into the phone business but have failed. He said the apps provided by Amazon.com, Inc. (NASDAQ:AMZN) are amazing for a person who loves to shop on the go but then established players like Android and iOS would have a reply to this move.