Tag Archives: Barnes & Noble
Microsoft Invests $300 Million Into Barnes & Noble’s Nook Spin-Off
Microsoft Corporation and Barnes & Noble (B&N) have formed a partnership to help fight against tablets like the iPad and the Kindle. Microsoft and Barnes & Noble’s strategic partnership will lead to the spin-off of an independent Nook business. The Nook business will also include B&N’s College business. Microsoft’s $300 investment at 17.6% equity in the subsidiary values it at $1.7 billion.
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Barnes & Noble Nook Simple Touch With GlowLight Now Available For Pre-Order
The Nook Simple Touch With GlowLight is only $139 and Barnes & Noble is accepting pre-orders starting today. The company is expecting the product to ship and arrive in stores this coming May. The new key feature of this tablet is the front-lit screen called GlowLight. The new Nook emits a glow that is different from most traditional backlighting. The battery life has been cut in half, but it is still decent overall.
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Next-Gen Nook Simple Touch Expected To Have Lit Screen
Earlier we reported that the next-gen Amazon Kindle will have a front-lit screen, but now there is a rumor that the next-gen Nook Simple Touch will have a front- lit display. Barnes & Noble is dubbing this feature as “GlowLight.”
Barnes & Noble Releasing 8GB Nook Tablet On February 22
Barnes & Noble is getting ready to launch an 8GB tablet on February 22nd. The current Nook tablet costs $50 more than the Kindle Fire. According to documentation leaked to The Verge, the upcoming 8GB Nook tablet appears to be the same as the current $249 tablet, but with less storage space. The less storage space indicates that Barnes & Noble will match the $200 price point that the Amazon.com Kindle Fire uses. The documentation revealed that Walmart will be selling the device starting at 12:01AM on Wednesday Feb. 22nd.
Barnes & Noble Considers Spinning Off Nook E-Reader Unit
Book retailer company Barnes & Noble is considering spinning off their Nook e-reader unit so that they can continue to scale that business. Barnes & Noble wants to “unlock” the value of the Nook unit. Barnes & Noble is projecting that they will earn revenues of $7 and $7.2 billion in 2012 even though Wall Street was predicting $7.33 billion. The losses are due to investments in the Nook business and sales of the Nook Simple Touch.
Nook Color Now Has Netflix, Flixster, and Marvel Comics Support
Barnes & Noble, Inc. (NYSE:BKS) has updated the Nook Color to support Netflix, Flixster, and Marvel Comics. Other updates include the ability to read books in landscape mode. The Nook Color currently is priced at $199. Future software updates will include access to Pandora and Rhapsody. Check out the press release below:
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Barnes & Noble’s NOOK Business For Q2 Hits $220 Million In Revenue
Barnes & Noble, Inc. (NYSE:BKS) had recently issued the Q2 2012 earnings report and they revealed the NOOK business revenue hit $220 million. The NOOK Tablet has become Barnes & Noble’s fastest selling device to date. However the company hit a net loss of $6.6 million this past quarter.
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Barnes & Noble Asks U.S. Government To Probe Microsoft On Patent Royalties
Barnes & Noble, Inc. (NYSE:BKS) has asked U.S. government regulators to investigate whether Microsoft Corporation (NASDAQ:MSFT) is seeking to monopolize the mobile device market by demanding patent royalties for electronics based on the Google Inc. (NASDAQ:GOOG) Android operating system.
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Barnes & Noble Nook Tablet Coming November 16th For $249
Barnes & Noble, Inc. (NYSE:BKS) is expected to launch the Nook Tablet for $249 on November 16th. The Nook Tablet is going to have 7-inch VividView IPS color touchpanel with a 1024×600 screen resolution, 1.2GHz dual-core OMAP4 processor, 1GB RAM, 8.1x5x0.48 inches in dimensions, 16GB of hard drive space, microSD slot, 8 hours of battery with WiFi off, 802.11b/g/n WiFi, and support for many different formats including DOC, Flash, MP3, MP4, AAC, JPG, TXT, PDF, etc. The price is about $249 in the U.S. Pre-orders for the Nook Tablet starts on November 7th and the release date is November 15th. [Engadget]
Barnes & Noble Expects Borders Shut-Down To Boost Them Up To $200 Million
Barnes & Noble, Inc. (NYSE:BKS) reported that they are expecting a sales boost of $150-$200 million due to the dissolution of Borders book stores. Barnes & Noble expects a sales increase at stores that are open at least a year to increase 2-3% during their 2012 fiscal year, which starts May 1. Barnes & Noble acknowledged the competition they saw from Borders to find discounts due to the closing of 399 stores.
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