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eReader

E Ink revenues nose dive 60% in January

February 8th, 2012

E Ink, the popular company that provides paper-look gray-scale displays for eReaders, reported consolidated revenues of $48.02 million in January, down 63.6% from the same month last year and 11% sequentially. The growing popularity of media tablets with full-color displays likely played a big role in the decline — sales of Amazon’s Kindle Fire and …

Barnes & Noble’s next Nook said to launch this spring

January 30th, 2012

Barnes & Noble’s fifth-generation “e-reading device” will reportedly launch this coming spring. Mentioned in passing within a New York Times profile of the struggling bookseller, it is unclear if the device in question will be a new media tablet or a standard eReader. With Barnes & Noble’s current-generation color tablet having just been announced this …

Best Buy reports lower than expected December sales

January 6th, 2012

Best Buy on Friday reported weaker than expected revenue for the five weeks ended December 31st, 2011. The company noted $8.4 billion in revenue, which was flat compared to the same period last year but included a comparable store sales decline of 1.2%. The company’s international segment generated $1.9 billion in revenue, a 1.7% decrease …

Amazon currently selling over 1 million Kindles each week

December 15th, 2011

Amazon’s Kindle line was expected to be a popular option for holiday shoppers and the retailer confirmed as much on Thursday. Straying from its normally tight-lipped stance with regard to sharing sales volumes, Amazon announced that its Kindle Fire tablet and Kindle eReaders have sold more than 1 million combined units for three consecutive weeks. “Kindle …

Amazon to sell 6 million Kindle Fire tablets, 8 million eReaders in Q4

December 13th, 2011

Amazon’s Kindle Fire is a smash hit, with fourth-quarter sales that may exceed even the most lofty estimates reported ahead of the tablet’s recent launch. In just over six weeks of availability this quarter, analysts at Goldman Sachs estimate that Amazon will sell as many as 6 million Kindle Fire tablets. Add to that another …

European Commission to investigate Apple, eBook publishers in antitrust probe

December 6th, 2011

The European Commission announced Tuesday that it has opened formal proceedings to investigate whether or not major eBook publishers, possibly “with the help of Apple,” are “engaged in anti-competitive practices affecting the sale of eBooks.” The publishing companies named in the investigation include Hachette Livre, Harper Collins, Simon & Schuster, Penguin and Verlagsgruppe Georg von …

Barnes & Noble Nook business jumps 85% to $220 million

December 1st, 2011

Barnes & Noble on Thursday reported its results for the second fiscal quarter of 2012, in which it revealed its Nook business has seen stellar growth over the last year. The company said that its Nook business, which includes sales of tablets, eReaders and eBooks, pulled in $220 million in the second quarter, up 85% …

Black Friday Kindle sales smash record thanks to Kindle Fire demand

November 28th, 2011

Strong demand for Amazon’s new Kindle Fire tablet and the continued popularity of Kindle eReaders lead to the retail giant’s best-ever Black Friday for the Kindle family of products. Amazon on Monday announced that sales of Kindle devices on Black Friday quadrupled last year’s sales, setting a new record. The company neglected to report sales …

Barnes & Noble announces $250 Nook Tablet

November 7th, 2011

Barnes & Noble took the wraps off of the Nook Tablet during a press event in New York City on Monday morning. The device runs Android 2.3, has a 7-inch LG “Vivid View” display, 16GB of expandable storage, 1GB of RAM and a dual-core 1GHz processor. It also weighs under one pound and supports up …