News

Barnes & Noble's Nook failing to make a mark in tablet race

Barnes & Noble's Nook failing to make a mark in tablet race
Despite touting a $300 million strong strategic alliance with Microsoft less than 6 months ago, it appears Barnes & Noble's attempt to make a mark in the tablet market is falling short.

The company's latest financials – which saw the firm reveal net losses of $6.1 million in Q3 2013 – contained within them a near 26 percent drop in sales within Nook Media, which includes both Nook hardware and software sales.

Perception play

Analysts claim the company is struggling to convince consumers that Barnes & Noble – which has a strong association with books and eReaders – is also a contender in the tablet business.

"In terms of the Nook Media business, we've taken significant actions to begin to right size our cost structure in the Nook segment, while also taking a large markdown on Nook devices in order to enhance our ability to achieve our estimated sales plans in subsequent quarters," said CEO William Lynch.

"Nook Media has been financing itself since October of 2012 due to the strong investment partners we've been able to attract in Microsoft and Pearson.

"Coming off the holiday shortfall, we're in the process of making some adjustments to our strategy as we continue to pursue the exciting growth opportunities ahead for us in the consumer and digital education content markets."

Despite the issues, Barnes & Noble claims it remains committed to its tablet and eReader business, though the company may be force to launch new tablets (current devices run the antiquated Android 2.3, better known as Gingerbread) if it is to regain lost ground.

[source: Barnes & Noble]

Editor

With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font. As PocketGamer.biz editor, he has the pleasure of monitoring the market share of all mobile OSes on a daily basis.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies
Important information

This site uses cookies to store information on your computer. By continuing to use our site, you consent to Steel Media's privacy policy.

Steel Media websites use two types of cookie: (1) those that enable the site to function and perform as required; and (2) analytical cookies which anonymously track visitors only while using the site. If you are not happy with this use of these cookies please review our Privacy Policy to learn how they can be disabled. By disabling cookies some features of the site will not work.