Monday, February 25, 2013
Barnes & Noble, Again
More news about B & N. The founder and current chairman, Leonard Riggio, has announced plans to buy back the retail portion of the business. He only wants the brick and mortar stores, not the Nook e-reader division. Nook lost $262 million dollars in 2012, and 2013 losses are expected to exceed this amount. Nook and other e-readers are losing market share to iPad, other tablets, and smart phones. There is much conjecture in the book world that e-readers are well on their way to becoming a thing of the past. That was a short life!
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I predicted it was a fad in 2007! I'm so sad it took this many years for the retail and tech companies to realize this as they put so many people out of jobs.
ReplyDeleteIt's interesting that sales of ebooks continues to explode, but dedicated ereaders are already considered dinosaurs. I have to confess to adding to their demise. My Kindle now sits unread, while my iPad gets a workout.
ReplyDeleteI read about this somewhere else on the internet. No real surprise to me. The speed with which these new technologies become outmoded is dizzying. Seems eerytime I turn on mylaptop there's another update to iTunes! I'm glad I never gave in to the eReader craze.
ReplyDeleteI wish I'd done the same. The Kindle is destined for the garbage soon.
ReplyDeleteI don't regret my eReader at all. I love having a device that is dedicated to reading and only reading. I have had my Kobo for 3 years and it hasn't failed me. I haven't had any glitches or had to take it in to get worked on (knock on wood). It's saved my back from having to lug a heavy book in my purse which I never leave the house without!
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