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This is very sad, but I think this just represents a shift in the industry due to changes in technology and lifestyle.
I doubt that people are buying any less books, but I would imagine that the profit margin wasn't ever that high.
It certainly doesn't help that you could ship books from Amazon, download them into eReaders (like said article mentioned), or browse classics for free on websites, etc.
Speaking for myself, I would buy books on Amazon only if I can't get it on Kindle (free app on my iphone)
It's just a matter of time before the decline of other commercial bookstores, if not most media in paper format.
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