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Amazon offers physical bookstores a cut of Kindle e-book sales, and just enough rope
Just as Kobo has cozied up to physical booksellers, so too does Amazon have a plan to smother them in e-ink kisses. Under the company's new "Amazon Source" program, any independent bookstore that sells a Kindle tablet or e-reader will be rewarded with ten percent of future book purchases made on that device. This incentive will be in addition to the margin they'll make on re-selling the hardware in the first place, although this margin will be less than that given to retailers who choose to stay out of the Source program. In terms of hard cash, the combined total might actually be worth something to struggling stores, depending on how many units they're able to sell, and it's surely designed to entice them away from Kobo. That said, we're still inclined to wonder whether this is a supremely clever Trojan Horse. A bookseller will only get a cut on digital e-book sales made within two years of the device being purchased -- just enough time for a Kindle customer to get hooked on speedy electronic transactions, and for the store to be turned into a Taco Bell.
Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up
Barnes & Noble has released its financial results for both the final quarter and full financial year of 2012. It's a picture of a company that's holding steady in the face of continued onslaught from its rivals, albeit with some hope on the horizon. In preparation for its as-yet-unnamed venture with Microsoft, the company has begun the process of spinning off its Nook and College businesses -- while sales from stores and BN.com now come under the umbrella term of "retail." On that front, it sold $1.1 billion worth of books in the quarter and $4.85 billion for the year -- down from $4.92 billion in 2011. Nook-wise, the company had turnover of $933 million, with device sales increasing 1 percent for the quarter and 45 percent of the year -- but had to eat a loss on taking back unsold Simple Touch readers. Content sales on its various devices increased 65 percent in the quarter and 119 percent in the year -- clearly showing where the market is headed.
Barnes & Noble 2012 Q3 Report: loss-making Nook generates sales, tears
It's that time of the year when Barnes & Noble's accountants reveal the figures for the quarter to determine if the age of print is over. Turns out there's some good news for bookseller. Overall sales for the chain increased five percent: the company took $2.4 billion through the cash registers. That was split $1.49 billion (up two percent) in high-street retail, online sales took $420 million (up 32 percent year-on-year) and the Nook in all its forms and glories took $542 million (up 38 percent). The only grey cloud was that sales in college-only stores dropped three percent, thanks in part to renting textbooks to impecunious freshmen. They're probably all using that money on buying digital content on their Nooks: digital content purchases increased by 85 percent in a single quarter. Like rival Amazon, it wouldn't release how many devices were sold, except to say it likely maintained its market share. However, all of that (pretty) good news is a bit of a smokescreen: B&N won't reveal its profits after interest, taxes, depreciation and amortization has been deducted. Pre ITDA income dropped 12 percent from the same period in 2011 and the company has revealed that the BN.com and Nook businesses made a combined loss of $94 million, with annual income looking to be in negative figures. Update: A tidbit from the conference call, the company believes the device currently holds around 30 percent of the overall e-reader market: using numbers direct from the publishers themselves.
Barnes & Noble offers back to school Nook deal, adds more to your reading list
Thinking about getting an e-reader before you head back to school this fall? Barnes & Noble surely hopes so, and to sweeten the deal it's offering 12 free classics along with study guides and apps if you register your freshly unboxed Nook before October 31st. That's right folks, over $100 worth of e-books can be yours with the purchase of the new Nook, the Nook Color or even the first edition Nook. While it must be said that most of the available titles are out of copyright and so are already available for free download elsewhere (we're looking at you, Gutenberg.org), you can at least select from a dozen Spark Notes of time-consuming reads such as War and Peace. So if you're looking to take a break from all that Organic Chemistry mumbo jumbo, you can catch up on A Tale of Two Cities in your spare time.
Barnes & Noble offers 30 free e-books to switch to Nook -- that's one expensive carrot
It seems dangling deals to lure consumers away from competitors is all the rage these days, and Barnes & Noble has jumped on the make-the-switch bandwagon, offering $315 worth of e-books to prospective buyers of its Nook e-reader. Starting today, when owners of those other devices tote their current e-readers into a Barnes & Noble store and buy themselves a new Nook or Nook Color, they'll get 30 free eBooks, with an apparent value of $315. Here's the catch -- because, you know there had to be one -- Barnes & Noble's won't let you pick the books for yourself. Those 30 free eBooks will come pre-loaded on a 2GB microSD card. If you've got the taste of a corporate marketing team, and have been waiting for a reason to get in on the Nook action, check out the source link for more details. Full PR after the break.
Barnes & Noble Nook WiFi review
Many who follow the e-reader market keep coming back to the same question: how long does it realistically have left? The explosion of tablets and reader apps for smartphones have left their respective impacts on the space, while the market for devoted readers continues to be dominated by Amazon's Kindle. Undaunted, both Kobo and Barnes & Noble launched new black and white e-readers based around the same touch and display technologies last week. After all, despite increased competition from outside the space, the reader market continues to be a vibrant one -- and after the Nook Color proved it was an undercover tablet all along, Barnes and Noble has hit back with this latest Nook as proof of its focus on one thing: reading. %Gallery-125004%
Barnes & Noble Nook review
When we first caught wind of Barnes & Noble's Nook -- a device clearly positioned to give the Amazon Kindle and Sony's options a run for their money -- we were understandably interested. As voracious readers and lovers of fresh gadgetry, pretty much anyone on the staff at Engadget would tell you that a new contender on the e-reader scene is more than welcome. When we discovered that Barnes & Noble's offering would not only feature a full color touchscreen component, but would run Google's Android OS as well... let's just say we were pretty much in gadget-hog-heaven. We weren't without our reservations, mind you; the appearance of this device made for some pretty heated conversations amongst the staff over whether or not we were seeing the dawn of a truly commercially viable e-reader. Of course, for us the proof is always in the pudding, and since B&N is about to launch a full assault against the current offerings, it's our duty to turn over a report. Is the Nook the answer to our e-reader prayers, or just a stepping stone to greener pastures? We've taken a long, hard look at the device -- so read on for the official Engadget review. %Gallery-79717%
