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Barnes & Noble wants to offer more tablets after bad quarterly report

Posted: , by Michael H.

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Barnes & Noble wants to offer more tablets after bad quarterly report
Recently, we heard a rumor that Barnes & Noble could be "moving away" from the Nook hardware, and the newest quarterly report from B&N is showing exactly why the company may be looking for a new direction. It was predicted to be a bad quarter for Barnes & Noble, and that's exactly what the company got. 

The company reported $2.2 billion in revenue, which marked an 8.8% decrease year-on-year. Digital sales were up almost 7%, but overall retail sales were down, and ultimately it added up to a net loss of $6.1 million. Nook sales were especially bad, with revenue from the Nook down 26% compared to Q4 of 2011. 

But, the company isn't looking to abandon Nook. On the topic, B&N said:
The bigger brands have more resonance in that multi-function tablet market than we do. We obviously have to adjust and change. So when I say we have a commitment, we do, but we also have a commitment to change the model and how we're approaching it.
Given that stated desire to simply move away from Nook e-readers in favor of putting more resources into the Android-forked Nook tablets, it looks like Nook fans needn't worry too much.

source: B&N via The Verge

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posted on 02 Mar 2013, 20:17 2

2. nikenturd (unregistered)


Their tablet is too restrictive, no wonder why they're tanking... I wouldn't spend a dime on some special purpose e reader tablet when comparable Android models can do so much more. and then some

posted on 04 Mar 2013, 07:20

4. Reluctant_Human (Posts: 859; Member since: 28 Jun 2012)


They really need to come out with something like the Amazon paperweight. For a serious reader e-ink displays are so much better than tablets. Besides, I don't see the Nook tablet replacing my Nexus 7 in any way shape or form.

posted on 04 Mar 2013, 15:03

5. thunder18 (Posts: 115; Member since: 06 Aug 2009)


They already have one and ergonomically, it's better than the Kindle Paperwhite not to mention, they are not trying to sell you something everytime you turn it off. It's called the Barnes and Noble Nook Simple Touch Glowlight:

http://reviews.cnet.com/e-book-readers/barnes-noble-nook-simple/4505-3508_7-35227500.html

posted on 05 Mar 2013, 06:50

6. Reluctant_Human (Posts: 859; Member since: 28 Jun 2012)


I actually currently own one now. Personally I don't like it as much as the amazon equivalent and the light bleeds through the case in small spots.

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