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Amazon hit by surprise loss last quarter, despite 22 percent rise in sales
The retail game is all about scraping a living out of tiny margins, and nowhere is that more evident than in Amazon's latest financial report. The company managed to grow revenue by 22 percent year-over-year between April and June, to $15.7 billion, and yet it confounded analysts' predictions by making a loss of $7 million, versus a $7 million profit in the same quarter last year. Then again, this knock has been attributed to the fact that Amazon is pushing to expand beyond the retail game, by investing heavily in its Kindle business, digital downloads and streaming products, as well as in building a bigger presence in China. This has been the strategy for a while, of course, and it's not the first time the company has been pushed into the red as a result. But Jeff Bezos says that Amazon's top ten bestselling products last quarter were all either Kindles, accessories for Kindles, or digital content for Kindles, which suggests the transformation is steadily having an impact, even if it's proving expensive.
Amazon brings long-form interviews to Kindle Singles
Amazon's harnessing the power of the Kindle Single to bring the art of long-form interviews to its e-reader. The new Kindle Singles Interview series offers up conversations with world leaders and other key figures for $0.99 a pop, kicking things off with Shimon Peres. The Israeli President and Nobel Peace Prize winner discusses the country's upcoming peace talks with New Yorker writer David Samuels. The conversation, titled simply "The Optimist," also touches on topics like Mark Zuckerberg's "revolution with a billion people." You can check that out in the source link below.
EU regulator accepts Penguin offer to end dodgy e-book deals with Apple
After the European Commission accepted offers from Apple and four publishers to free up e-book pricing restrictions in December 2012, it's now accepted Penguin's commitment to do the same. Much like Penguin's vow to the US DOJ, it will end its agency agreements with Apple and other retailers, and "most-favored nation" clauses will be absent from any new deals struck over the next five years. Most importantly, e-book retailers will now be able to control prices and discounts of Penguin's catalog for two years. This legally binding pledge essentially brings an end to EC's "competitive concerns," as all involved in the original price-fixing investigation have now settled up.
Kobo's newest e-reader leaks, photos show Aura-inspired design
Leaked photos of the next e-reader to join the Kobo family have appeared online today, and from the looks of it, the company isn't out to reinvent the wheel. We rummaged around in the FCC filings to confirm that it'll come with a 6-inch screen and a 1,500mAh battery, which bests the 1,000mAh one in the Kobo Glo. The design is reminiscent of the Aura HD, with a contoured back so that it rests comfortably in hand. Along the bottom, you'll find a microSD slot and a micro-USB port, while a red power button sits at the top. This new model is rocking some asymmetry, with the Kobo logo set on the left side of the bezel and non-parallel lines marking the back ridges with an off-center, vertical logo. We're still waiting on a formal announcement, so stay tuned for more info.
Barnes & Noble CEO William Lynch steps down; Michael Huseby appointed CEO of Nook Media
Following reports earlier this year that Barnes & Noble may be sliding away from producing its own Nook hardware, the outfit's CEO has just stepped away from his corner office. Announced in a series of shuffles, William Lynch has resigned as chief executive officer and director of the company effective immediately, while Michael P. Huseby has been appointed CEO of the Nook Media division (as well as president of B&N as a whole). The firm also announced that vice president Allen Lindstrom was being subsequently promoted to CFO, reporting to Huseby. Moreover, Kanuj Malhotra -- VP of corporate development, has been promoted to CFO of Nook Media. Chairman Leonard Riggio thanked Lynch for his leadership during an era where B&N emerged as a real rival to Amazon in the reader / tablet market, while the man himself said that he "appreciated the opportunity to serve as CEO over the last three years." As for his immediate plans? Kicking back on the shores of Ocracoke and reading a book... on a Nook, of course.
Latest Humble e-book Bundle lets you pick your own price for unicorns, Wheaton
For the next two weeks, you can snag four e-books for whatever price you want with the second Humble e-book Bundle. As always, each contribution benefits whoever you prefer, be it the authors, charity, Humble itself or a combination of the three. If you want access to all six books, as per the Humble pricing model you need to kick in a sum greater than the average $9.40 donation. For less than a few gallons of gas you'll net Wil Wheaton's Just a Geek and Peter Beagle's The Last Unicorn in addition to the other four tomes shown below. The sun hasn't set on the first day of this six-pack promo and over $150K's been donated so far. Reading-on-the-beach season's half over, so get crackin'! The Last Unicorn - Peter Beagle Just a Geek - Wil Wheaton Little Brother - Cory Doctorow Boneshaker - Cherie Priest Spin - Robert Charles Wilson Shards of Honor - Lois McMaster Bujold
Amazon opens up Kindle Worlds Store, for all your licensed fan fic needs
Come on now, why are you wasting your time here, when you could be reading some Gossip Girl fan fic? Roughly a month after announcing its licensed character publishing platform, Amazon has taken the wraps off of Kindle Worlds. The site currently offers up 50-plus commissioned stories based on properties like The Vampire Diaries, Valiant Comics titles, and yes, Gossip Girl. Worlds' Self-Service Submission Platform is open to the public as well, letting interested parties make some cash (up to 35-percent royalties) by putting their fan fiction up on the site. Stories are largely priced between $1 and $4. You can take a gander in the source link below, to make some sweet Gossip Girl of your own.
Sony's unannounced Reader PRS-T3 leaks out at the FCC (updated)
Last summer, Sony's PRS-T2 e-reader was leaked when it visited the FCC, and was available for pre-order a week ahead of its official launch. Therefore, it's with a sense of deja-vu that we tell you that Sony's annual update, the PRS-T3, has now passed through the FCC's hallowed halls and been deemed fit for human consumption. There's not much we can glean from the documents, except to say that it's got a 3.6Wh battery, 802.11 b/g/n WiFi and will probably be available in stores about a month or two from now. Update: The folks over at The Digital Reader have found some official photos of the new device, which we've added above and below the fold.
Barnes and Noble posts $119 million loss in Q4 2013, will partner with third party on future Nook tablets
Barnes and Noble has not had an easy go of it. The brick-and-mortar stalwart has seen its revenues and profits steeply decline as we've entered the age of the e-book. In fact, profits haven't just shrunk; they've disappeared. During the fourth quarter of fiscal year 2013, the company suffered a net loss of $118.6 million, down significantly from the already poor showing it posted in 2012 when it lost $56.9 million in Q4. For the year, that put Barnes and Noble's losses at $154.8 million -- more than double what it lost in 2012. Revenues have dropped both at retail outlets and its Nook digital business by $105 million and $56 million, respectively year-over-year. For its e-reader and ebook arm, that represents a 34 percent drop from Q4 2012. The bad news there is that device sales have declined dramatically and, while content sales were up for the year, in the fourth quarter they fell by 8.9 percent. Barnes and Noble attributes the year-over-year fall in sales to be attributed to the lack of blockbuster titles. In Q4 2012 revenues were boosted by juggernauts like Fifty Shades of Grey and The Hunger Games. Going forward Barnes and Noble wants to significantly cut its losses on the struggling Nook business. To do that the company will be partnering with an as yet unnamed third party to manufacture and co-brand its tablet line. The Nook line of e-readers will continue to be designed and built in-house, but the retailer will be looking beyond its Manhattan office walls for help with the flailing Nook HD line. Existing products will be supported for the foreseeable future, however, so don't go tossing your Robert Brunner-designed slate in the trash just yet. If you'd like more detail, check out the PR after the break.
WSJ: FAA will soon ease in-flight restrictions for some electronic devices
We've been hearing rumblings that the FAA wants to start letting you use certain gadgets on airplanes through the "terrible 10,000 feet," and according to the WSJ, it's about to do just that. A 28-member industry and government panel's draft report strongly recommended relaxing blanket rules against electronics that have been in place since 1966 due to massive changes in technology since then. The committee also cited reports showing that passengers often forget to turn off gadgets without any consequences and that airlines, left to enact their own rules, are much too conservative. If it goes along with the document, the FAA will likely allow the use of certain devices, like e-readers and music players, during all phases of flight -- though the ban on cellphones is expected to continue since the panel wasn't authorized to broach that controversial issue. As for other devices, the details are still being bandied about, and the FAA is unlikely to announce a formal decision until the end of September. Still, now might be a good time to start fortifying that music and book collection ahead of your next big trip.
Apple's Eddy Cue acknowledges e-book price increases at antitrust trial, reveals talk of Amazon deal that would split books/music control
The issue of e-book prices, and alleged price fixing, has come up again and again in recent years, with the focus most recently shifting to a Manhattan courtroom where Apple is at the center of an antitrust trial. After revealing new details of the company's market share yesterday, Apple's Eddy Cue has today offered another piece of surprising news: that he and Steve Jobs once discussed a potential deal that would see Apple stay out of the ebook market if Amazon agreed stayed out of music. There's no indication that went beyond the early discussion phase, or actually involved any discussions with Amazon, but it would obviously raise considerable antitrust questions had it gone any further. As CNET and The Verge report, the DOJ is hoping that revelation will bolster its case that Apple engaged in antitrust practices to inflate ebook prices across the market. On that front, Cue, who the DOJ describes as the "chief ringleader of the conspiracy," reportedly acknowledged that the prices of some ebooks did go up from April of 2010 (when it opened its iBookstore) through to 2012, but he attributed that to publishers unhappy with Amazon's $9.99 pricing. Cue's facing further questioning from Apple's attorneys this afternoon, with the trial expected to wrap up by the end of next week. Update: AllThingsD has further testimony from Mr. Cue indicating that Steve Jobs didn't even want to build iBooks -- at least, not until he got his hands on the first iPad.
Apple tells price fixing courtroom it owns 20 percent of the e-book market
Apple director Keith Moerer said in court on Tuesday that the company holds about 20 percent of the US e-book market, double the size commonly assumed. The revelation came after the Department of Justice tried to bolster its price fixing case against the company by asserting that "Apple forgot to focus on customers, that's why the iBookstore is a failure." Moerer responded that the online store has consistently held a 20 percent share since just after launching, adding that "sales grew 100 percent last year at the iBookstore and it had over 100 million customers." The government will continue trying to prove that Apple colluded with publishers like Macmillan and Harper Collins -- who settled out of court -- with testimony later today from Senior VP Eddy Cue.
Barnes and Noble axes Nook PC, Mac apps, directs you to Nook for Web instead
Barnes and Noble has been quietly erasing all mentions of its Nook for PC and Mac, but now we have the first official confirmation that both are no more. An official statement, reported by The Digital Reader, says that the company is no longer supporting software for Windows 2000/XP/Vista or Mac OS X, and is directing users to switch to Nook for Web in its place. That, or you could always help prop up the company's brick-and-mortar operations by purchasing some of these.
Amazon's Kindle comes to China: Paperwhite for $138, Fire HD for $244 (16GB) or $293 (32GB)
Amazon launched its Kindle e-book platform into China last Christmas, but locals looking to get their mitts on the company's hardware had to look, ahem, elsewhere. Fortunately for everyone but grey market importers, Amazon has released the non-cellular Paperwhite and the two 7-inch Kindle Fire HD tablets to the nation. Our colleagues over at Engadget Chinese have added that as well as being able to buy the devices from Amazon's local site, users will be able to pick up the units at Suning and Shi Tesco stores across the mainland. The Paperwhite is marked up at 849 yuan ($138), with the Kindle Fire priced at 1499 yuan ($244) for the 16GB edition and 1799 yuan ($293) for 32GB.
Kindle DX available from Amazon once again for $299
Well, it seemed like Amazon had finally moved on from its large-format Kindle DX e-reader last fall, but it turns out that was only a brief hiatus. As spotted by The Digital Reader late last month, the circa-2010 device is now available to order once again for $299. Amazon itself isn't offering much indication as to how long it will remain available this time, though, saying only in a statement that "our website lists the most up to date availability for all products," and adding that "we're excited to offer customers this option."
Amazon launches Kindle Worlds publishing platform for fan fiction, will pay royalties to writers and rights holders
Amazon's taken a number of steps to bring different types of content to the Kindle Store, and it's now venturing into an area that has a long history with the internet: fan fiction. The company's today announced Kindle Worlds, a new publishing platform that promises to pay writers royalties for stories inspired by established works. Naturally, the original rights holder needs to be a willing participant as well, and they'll also be paid a royalty for all fan fiction stories sold (Amazon itself with retain the rights to those stories). So what are your options for now? For the launch, Amazon has partnered with Warner Bros. Television Group's Alloy Entertainment to open up three of its series to fan fiction enthusiasts, giving you the chance to write stories set in the world of Gossip Girl, Pretty Little Liars or The Vampire Diaries. The company's promising that additional licenses are on the way, but for now you can check out the finer details in the press release after the break and at the source link below.
Sony's 13.3-inch Digital Paper prototype sports E Ink's Mobius flexible display, we go hands-on (video)
Sony's new e-ink prototype is getting the test-drive treatment at Japanese universities, but SID provides a perfect opportunity to give the North American market a demo. We found the Digital Paper slab parked at E Ink's booth -- fitting, as the company's new Mobius flexible display is the device's biggest selling point. At 13.3 inches, the panel is larger than your typical e-reader's, but it weighs just 60 grams. That light footprint comes courtesy of E Ink's TFT tech, which allows for larger, more rugged devices without the extra weight. The Digital Paper's form factor matches the size of a sheet of A4 paper, and the on-board digitizer lets users scrawl notes on the electromagnetic induction touchscreen. Naturally, this is just one implementation of the E Ink's display, but it's neat to see a prototype in action nonetheless. Head past the break to do just that.%Gallery-189049%
Amazon Kindle Keyboard 3G being discontinued?
Amazon confirmed as early as last September that the Kindle Keyboard would be sticking around, but much like your favorite dessert, nothing is forever. The Kindle Keyboard 3G is now showing as unavailable or out of stock at Amazon's site, as well as at Best Buy and Target. Of course, the last of those has had this here device on sale for what feels like forever, but it's still somewhat sad to see it come to the end of its road. It's entirely possible that the company's Lab126 is cooking up a replacement alongside those mythical smartphones, but it's unclear if such a conceptual piece is on the immediate horizon. We've reached out to Amazon regarding the disappearance, and we'll be sure to update this post as we learn more. [Thanks, John]
Sony's 13.3-inch e-ink paper prototype shown off at education expo in Japan (video)
Earlier this week, we learned of Sony's plans for a 13.3-inch e-ink slate with stylus support pitched at students, and now Diginfo has caught up with the prototype device at the Educational IT Solutions Expo in Japan. The A4-sized tablet is said to be the first piece of hardware with an E Ink Mobius display that's flexible and light due to its new plastic construction. Co-developed by Sony and E Ink, the display only contributes 60g to the overall weight, which is apparently 50 percent lighter than similar screens built with glass. Sony says the software isn't quite as slick as it'd like it to be just yet, but nevertheless, you can check out people scrawling, annotating and highlighting on the prototype in the video below.
Amazon purchases Liquavista display company from Samsung
Proving rumors correct, Amazon just purchased Liquavista, the touchscreen company previously owned by Samsung. This news comes from The Digital Reader, which discovered the acquisition via new filings from the Netherlands Chamber of Commerce (Amazon also confirmed the news). That's about it as far as details go, but it's safe to assume that Amazon will employ Liquavista's low-power color e-paper technology for its Kindle lineup.
