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 →
Amid rumors that rival Amazon (AMZN) is planning to launch new versions of its Kindle eReaders as soon as next week, Barnes & Noble (BKS) on Sunday slashed prices on two of its Nook models. The company cut the prices of both its Nook Color and Nook Tablet, which are now being offered starting at $149 and $179, respectively. “Our Reader’s Tablets have consistently been the highest rated products by the leading technology experts and now they’re available for the lowest prices ever,” said Jamie Iannone, President of Digital Products at Barnes & Noble. “With NOOK Color for $149 and NOOK Tablet starting at $179, customers can enjoy our best-in-class digital reading and entertainment experience with an expansive selection of digital content and apps at an unbeatable price.” The company’s press release follows below. More →
Barnes & Noble and Microsoft announced in late April that the companies were uniting in a spinoff that would focus on B&N’s digital Nook business, and now the company has made its first major announcement since the deal was completed. While the bookseller has focused mainly on its own eReaders as well as tablet and smartphone apps with its Nook strategy, the company’s first move since the Microsoft deal is to give readers a way to ditch tablets and read Nook books on their PCs. “Nook for Web” is a direct response to Amazon’s Web-based Kindle offering, allowing customers to read books right from within their Web browsers. “There’s no need to download special software to access your digital library,” B&N’s digital boss Jamie Iannone said. ”NOOK for Web seamlessly combines Barnes & Noble’s best-in-class digital reading experience and unrivaled NOOK Store to deliver an immersive, easy-to-use solution for readers to consume millions of titles right from their Web browser.” Nook for Web is available immediately at no additional cost to users, and Barnes & Noble’s press release follows below. More →
Barnes & Noble has taken to personally debunking the rumor that it will be in any way involved in Microsoft’s mystery news today. Although speculation ran rampant over the weekend that Microsoft would be releasing a tablet in collaboration with the bookseller, a company spokesman today told Benzinga that it has nothing to do with the rumored Microsoft tablet. Without Barnes & Noble in the mix, speculation on the new tablet shifts to how it will integrate with Microsoft’s Xbox 360 gaming console. CNET, for one, reports on rumors that the new tablet will double as an Xbox controller that will “include an ARM processor from Texas Instruments for ‘Kinect workloads,’ as well as custom IBM engine for ‘scale out.’ ” More →
Microsoft announced this past April that it acquired a 17% stake in a newly-formed Barnes & Noble subsidiary that will focus on Nook tablets and eReaders. What the company may not have mentioned at the time is that the new partnership might also yield a line of Microsoft-branded tablets. Microsoft sent out a last-minute invitation to a press conference late last week, and multiple subsequent reports have suggested that this event will see Microsoft unveil a new line of own-brand tablets powered by Windows RT. According to a recent report from TechCrunch, however, the Redmond-based company plans to take the wraps off a Barnes & Noble joint effort. The site’s sources claim the new tablet will be an eReader-media tablet combo, and it will focus on entertainment thanks to the inclusion of Xbox Live streaming support. Microsoft’s event begins at 6:30 p.m. Eastern, 3:30 p.m. Pacific, and BGR will be on hand to cover the press conference live.
UPDATE: A report from Dow Jones on Monday states that Barnes & Noble will have nothing to do with Monday’s announcements. More →
Apple’s iPad may be alone at the top when it comes to tablet traffic, but some movement down at the bottom earlier this month is raising a few eyebrows. Barnes & Noble’s Nook Tablet has been a quiet success story ever since it first launched in 2010 as the Nook Color, and it looks like the eReader/tablet combo still has some fight left in it. Amazon’s Kindle Fire has garnered far more attention than its B&N counterpart since it launched late last year, but according to ad network Chitika, the Nook Tablet’s share of traffic across its massive network recently surpassed that of the Kindle Fire. Barnes & Nobles tablet was responsible for 20% more traffic than the Kindle Fire between June 4th and June 10th of this year, but the two are still fighting over scraps — Apple’s iPad claimed 91.07% of all tablet traffic during that period, while the Nook Tablet and Kindle Fire accounted for 0.85% and 0.71%, respectively. More →