Amazon has cornered the eReader market with the Kindle: The company unveiled a few refreshed devices in September, just a month after reports indicated Amazon would sell $4.5 billion worth of eReaders this year. But the dark horse in the eReader race, Barnes & Noble, might be trying to make a comeback with an announcement of its own. More →
Barnes & Noble has finally slashed the price of its moribund Nook Simple Touch with Glowlight to $99. The entire eBook reader industry received a fatal blow when Amazon launched its Kindle Fire, a fairly impressive tablet at $199. All eBooks on the market were simply priced too high to prevent consumers from being seduced by slightly more expensive tablets with fancy color touchscreens and more expansive feature sets. Not even $79 was cheap enough to prevent buyers from bolting. More →
Following Barnes & Noble’s announcement that it was going to abandon its tablet hardware business, the company slashed the prices of its Nook HD and Nook HD+ tablets. Shipments had fallen dramatically since December, from about one million units to an estimated 600,000 units in the second quarter of 2013. In an attempt to clear out old inventory, the 7-inch Nook HD with 8GB of storage is now being offered for $129, down from $199, while the 8.9-inch Nook HD+ has been reduced from $269 to $149. Like the discounted HP TouchPad that came before it, Nook sales are now expected to explode in North America in the second half of the year due to their discounted prices. Digitimes noted that B&N’s departure from the tablet hardware space isn’t expected to “significantly impact” Taiwan-based manufacturers because the company had shipped only a limited number of devices. The Nook HD and Nook HD+ were manufactured by Pegatron, according to the report.
Barnes & Noble on Tuesday morning reported fiscal fourth-quarter earnings that missed Wall Street’s consensus. Revenue was down 7.4% to $1.3 billion while the company doubled its net loss to -$118.6 million. Where Barnes & Noble’s Nook business is concerned, revenue fell 34% on-year to $108 million, resulting in a net loss of $177 million. As was seemingly just a matter of time, the struggling book seller confirmed that it is abandoning its Nook tablet hardware business and will instead rely on a ”partnership model for manufacturing in the competitive color tablet market” that will seek third-party manufacturers to build eReaders that run Nook software. More →
When people buy an E Ink eReader instead of one of the many affordable tablets available on the market, they’re likely looking for a somewhat pure eBook reading experience. As Barnes & Noble’s Nook business continues to flounder, however, the book seller will soon bank on new tablet features to help boost interest in its Nook Simple Touch lineup. According to a purported leaked email obtained by TechCrunch, Barnes & Noble plans to issue an update to its Simple Touch eReaders that will add a Web browser, email and a new store app to the devices. No other details were provided, though the update is expected to begin rolling out over the air (OTA) on June 1st. A copy of the leaked email follows below. More →
Cor Blimey — beginning on Wednesday, British consumers are staring at a huge 63% price cut of the cheapest Nook eReader. The Nook Simple Touch price has plunged to £29 from £79. The Glowlight version has dropped to £69 from £109. This is not a permanent price cut, but a part of the Get London Reading literacy campaign. Nevertheless, the move is eye-popping. More →
Barnes & Noble (BKS) issued two devastating warnings about Nook revenue performance over the past two months. On Sunday night, a New York Times article stated that a person familiar with Barnes & Noble’s strategy believes “the company must move away from its program to engineer and build its own devices and focus more on licensing its content to other device makers.” B&N may reveal its plans to intensify partnerships with Samsung (005930) and Microsoft (MSFT) as soon as next Thursday. More →
Companies very rarely warn twice in 40 days about the same problem. When it happens, it usually indicates that something so unexpected is taking place that executives just cannot wrap their minds around it. One example is HTC’s (2498) string of warnings last winter when its Android success story suddenly unraveled. Another is Barnes & Noble (BKS) and its Nook warnings on January 2nd and February 13th. More →
Barnes & Noble (BKS) warned about the Christmas quarter a while back, so we knew things were heading south. Yet the numbers still have the power to shock. As a Nook owner, I am now starting to get that queasy Betamax feeling; Nook volumes actually declined year-on-year. The true horror here is that Nook revenues declined by more than 12% — a steeper slide than what B&N’s total sales showed. This means that combined digital content and Nook device sales are now shrinking faster than traditional hardcover and paperback sales. More →
Hackers were able to breach more than 60 Barnes & Noble (BKS) stores, including locations in New York City, Miami, San Diego and Chicago, and obtain credit card information, according to a report from The New York Times. The information is believed to have been stolen from keypads at store registers where customers swipe their cards and enter their pin numbers. Customers who have used the company’s website, mobile application and college bookstores were not affected by the breach, though. Barnes & Noble discovered that information had been stolen around September 14th, however the company has reportedly kept the matter under wraps at the request of the Justice Department so the FBI could investigate the attacks. More →
Microsoft (MSFT) and Barnes & Noble (BKS) announced on Thursday that their joint venture partnership announced back in April will be called NOOK Media LLC. The new Barnes & Noble subsidiary is backed by a $300 million investment from Microsoft, which has a 17.6% equity stake. The companies also announced the imminent launch of the NOOK reading app for Windows 8. Microsoft president Andy Lees described NOOK Media as “a leader in developing the next generation of digital reading” and added that “we look forward to the company bringing one of the world’s largest digital libraries to Windows 8 devices via their upcoming Windows 8 app.” The two companies’ press release follows below. More →
The low-cost tablet space is heating up ahead of what many expect to be an October unveiling of Apple’s (AAPL) much rumored iPad mini, and two new entries into this competitive space have just been announced. Barnes & Noble (BKS) on Wednesday took the wraps off its all new NOOK HD and NOOK HD+ tablets, and they take aim squarely at the 7-inch and 8.9-inch Kindle Fire HD slates Amazon announced earlier this month. These new NOOKs pick up right where Barnes & Noble’s previous-generation tablets left off, but they offer a number of notable improvements over their predecessors — and over the competition as well.
With the spotlight turning to Amazon (AMZN) as it prepares to announce brand new Kindle eReaders and Kindle Fire tablet later today, Barnes & Noble (BKS) reportedly has no plans to sit idly by. Digital Trends claims knowledge from an inside source at Barnes & Noble in reporting recently that the bookseller will launch a new Nook Tablet later this month. Details beyond the rumored release timeframe are scarce, though the site does suggest that the tablet may run Windows 8 rather than the custom Android build found on Barnes & Noble’s previous Nook Tablets. The recent tie-up between Microsoft and Barnes & Noble suggests this might be a possibility, but Digital Trends doesn’t seem terribly confident in its claim. More →