Jump to content
House Price Crash Forum
Sign in to follow this  

Barnes & Noble Abandons Nook Tablets After Heavy Losses

Recommended Posts


The company will continue to build its own black and white Nook e-readers, which have been more successful against Amazon’s Kindle range. It will now rely on branding deals with third party manufacturers in the fiercely competitive tablet market, it said.

Chief executive William Lynch said the move would reduce losses by removing the costs associated with developing the more complicated devices.

“We plan to continue to innovate in the single purpose black-and-white e-reader category,” he said. “The underpinning of our strategy remains the same today as it has since we first entered the digital market, which is to offer customers any digital book, magazine or newspaper, on any device.”

The troubles in the Nook division, where fourth quarter revenues were down 34pc to $108m, weighed heavily on Barnes & Noble’s annual results. Group losses more than doubled to $118.6m as sales at its 650 bricks and mortar stores also fell.

I wonder what losses they are making in the UK with the Nook at £29?

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.