Following the Thursday announcement that Nook will sell co-branded Samsung tablets through Barnes & Noble, the bookseller indicated in an SEC filing they have made a “minimum purchase commitment during the first twelve months…of 1 million devices.” If “certain sales thresholds” are not met by December 31, that term is extended to 15 months. Samsung has also “agreed to fund a marketing fund,” and the overall commercial agreement between the two parties last for two years. Barnes & Noble ceo Mike Huseby has a lengthy phone interview posted with Geekwire. “It’s important to understand these are co-branded devices,” he says. “They’re customized […]
eReaders
Sony to Transfer North American Reader Store to Kobo
As we had heard a while ago, in conjunction with their quarterly earnings release Sony confirmed that they are turning over the North American Reader market to Kobo. “Sony’s Reader Store customers and their current ebook libraries will transfer to the Kobo ecosystem starting in late March,” they say in their announcement. Kobo will service Sony Reader device owners and will be the ebook provider for Sony’s continuing lines of tablets and smartphones in the US and Canada. The Kobo app will be pre-loaded onto “select” Sony phones and tablets. Sony effectively abandoned further development of the US market last September, […]
Soft Holiday Sales for Barnes & Noble Are Still An “Improvement” As Digital Content Falls Again
Barnes & Noble followed up their weak second quarter sales report with some improvement over the following 9-week holiday sales period (through December 28): Same-store sales at the BN superstores and BN.com declined 6.6 percent overall, and 5.5 percent on a comparable-sales basis, at $1.1 billion. But nearly all of the retail decline was due to weaker sales of Nook devices and accessories; “core” store sales were “essentially flat”, down 0.2 percent compared to last year. General book sales probably declined more, since the company points to “strong increases in our juvenile, gift and toys & games categories.” But the […]
Amazon Courts Independent Retailers With Kindle Sales Program
Amazon’s ongoing attempt to convince independent retailers to sell Kindle devices and ebooks persisted a little bit more with the formalization of program under the name Amazon Source. The company touts Source as a way for “independent bookstores and other retailers to sell Kindle devices and accessories, and earn money while doing so” through programs tailored for small businesses. At least two bookstores in Washington state, the University of Puget Sound Campus Bookstore and JJ Books, tested out Amazon Source in a pilot program. Source presents two options to retailers: Buy Kindle devices at a 6 percent discount and earn a […]
New $119 Nook Glowlight Arrives A Day Early; Kobo Expands In Ireland
Rumor had it that Barnes & Noble would announce the latest incarnation of its Nook GlowLight on Halloween, but the company did so on Wednesday morning. The newest version of the frontlit e-reader, retailing at $119 and shipping immediately, weighs just 6.2 ounces — “the lightest ever, but [also] 15 percent lighter than the Kindle Paperwhite” according to the announcement — and has its “highest resolution E-Ink display” with 62 percent more pixels. Full-page flashing on page turns is said to have been eliminated from the new GlowLight, which features “next-generation lighting technology that is completely uniform across the display […]
Corporate: Apple, AudioNoGo, and Lagardere
Apple reported fiscal fourth quarter results for the period ending September 28 after the close of the market on Monday. The company sold 14.1 million iPads in the period, just barely ahead of sales in the same quarter a year ago, with strong iPhone sales of almost 34 million units. They have sold approximately 172 million iPads since the launch of the line in 2010. Sales rose to $37.5 billion, as net profit fell $700 million to $7.5 billion. Lagardere has concluded a long-running dispute with Vivendi over the valuation of their stake in Canal+ France. In a compromise, Lagardere will […]