Saturday, January 7, 2012

B&N Considers Spinning Off Nook Business Amidst Record Sales

Barnes & Noble?s Nook family of tablets experienced record sales during the nine-week holiday period at the end of 2011, the company announced.

Color tablets Nook Color and Nook Tablet sold especially well, while the black and white Nook Simple Touch underperformed, Barnes & Noble says.

The company expects the digital content sales for 2012 to be around $450 million, with the annualized forecast between $700 million and $750 million.

Overall, the device and content sales were so good that the company is considering spinning off the Nook business altogether.

?We see substantial value in what we?ve built with our Nook business in only two years, and we believe it?s the right time to investigate our options to unlock that value,? said CEO William Lynch.

Of course, the fact that Barnes & Noble is exploring this option doesn?t necessarily mean it will ever happen, but with Nook growing to a $1.5 billion business this fiscal year, it might be the right time to turn it into a separate business entity.

The company also said it is in discussions with strategic partners to expand the Nook business internationally.

Barnes & Noble?s chief competitor, Amazon, also recently reported great sales of its Kindle family of ereaders and tablets. Amazon sold more than 4 million Kindles during the holidays, making it the best holiday ever for the Kindle family of products.


View As Slideshow ?

Barnes & Noble's Nook Demo

A look at some of the games and apps available on the Nook Tablet. By the holidays, Barnes & Noble will offer thousands of high-quality Nook Apps from leading third-party developers and content providers that can be enjoyed on Nook Tablet, as well as Nook Color.


Barnes & Noble's Nook Demo

Nook Tablet is under a pound (14.1 oz.), making it one-third lighter than the leading tablet and 10 percent lighter than the Nook Color.


Barnes & Noble's Nook Demo

A hands-on look at the interactive magazine feature for the Nook Tablet.


Barnes & Noble's Nook Demo

The Nook Tablets on display at Barnes & Noble.


Barnes & Noble's Nook Demo

Children's books are more interactive with the Nook Tablet.


Barnes & Noble's Nook Demo

A look at some of the games and apps available on the Nook Tablet. By the holidays, Barnes & Noble will offer thousands of high-quality Nook Apps from leading third-party developers and content providers that can be enjoyed on Nook Tablet, as well as Nook Color.


Barnes & Noble's Nook Demo

Barnes & Noble is offering a vast new collection of full-color comics, graphic novels and kids? comics in high resolution. It is the largest digital collection of Marvel?s graphic novels available through a third party, as well as titles from other leading publishers, including Archie, IDW and Dynamite.


Barnes & Noble's Nook Demo

A hands-on look at the Nook Simple Touch, now reduced to $99. On a single charge, customers can now read for up to 2 months for one hour a day.


Source: http://mashable.com/2012/01/05/barnes-noble-nook-record-sales/

kathy griffin mayan calendar jenny mccarthy bengals december 21 2012 drew brees drew brees

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