By Lisa Johnston
New products on display at the American International Toy Fair, held in N
By Joseph Palenchar
New York – Barnes & Noble didn’t launch a new Nook for the recent Christmas selling season but promises to launch a new model sometime after April, said CEO Michael Huseby.
He also warned that the company might need to take “additional actions” to pare Nook expenses despite a staff reduction in the fiscal 2014 third quarter ending January 24.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
New York — Barnes and Noble subsidiary Nook Media wants to boost sales of its Nook HD and HD+ tablets by enabling them to access the Google Play store and run other Google services.
Google Play access will substantially expand the number of apps that users can download. The tablets will also run Google’s Chrome browser, Gmail, YouTube, Google Search and Google Maps.
New York — Barnes & Noble isn’t giving up on its Nook tablets and announced partnerships with more content suppliers to make more TV shows and movies available for streaming or download to the 7-inch Nook HD and 9-inch Nook HD+ tablets.
Revenues in the company’s Nook business segment fell in the company’s fiscal third quarter by 25.9 percent to $316 million, which consists of device, content and accessory sales. Nook unit sales were lower, but digital content sales rose 6.8 percent.
New York – Barnes & Noble reported that the learning company Pearson will invest in Nook Media.
The London-based Pearson will invest $89.5 million in cash in Nook Media, which will represent a 5 percent equity stake in Nook’s preferred membership interest. When the deal is finalized, Barnes & Noble will own 78.2 percent of Nook Media, Microsoft will have 16.8 percent, and Pearson will have the remaining 5 percent.
El Segundo, Calif. – The shelf life of the eReader could be coming to an end thanks to low-priced, multi-use tablets.
According to IHS, the eReader first hit the scene in 2006, and the industry saw shipments jump from about 1 million in 2008 to 10.1 million by 2010. The following year this figure more than doubled to 23.2 million, but since then the category has declined.
New York — Barnes & Noble dropped the price of the Nook Simple Touch to $79.
The Simple Touch had been selling for $99.
BN made the move one day before Amazon launched a one-day sale on its Kindle products.
New York – Barnes & Noble yesterday dropped the prices on two carryover tablets as it readies Nov. 8 availability of its first two HD-resolution tablets, the 7-inch Nook HD and 9-inch Nook HD+.
The company reduced the price of its year-old 7-inch Nook Tablet by $20 to $159 for the 8GB model and $179 for the 16GB model. The two-year-old 7-inch Nook Color goes to $139 from $149.
The 8GB Nook Tablet now matches the $159 price on Amazon’s 7-inch 8GB Kindle Fire, an upgraded version of which became available Sept. 14.