From The New York Times:
Barnes & Noble said on Wednesday that it would release a new color tablet later this year, even as losses in its sputtering Nook division continued to weigh down the bookseller in its most recent quarter.
The nation’s largest bookstore chain, with 663 stores, said it was “in discussions” with outside hardware companies to produce the new tablet, a sign that Barnes & Noble was rapidly moving away from the production of its own Nook devices. The company did not introduce a new device in 2013.
. . . .
Michael P. Huseby, the chief executive, described the current status of the Nook division, once viewed as the centerpiece of the company’s growth strategy, as “in a rebuilding period.”
In an interview, Mr. Huseby said that while the division in the last several years had focused on making e-readers to promote the sales of e-books, it had pulled back on those efforts. The current emphasis is on increasing content sales, hopefully by forming partnerships with other companies, he said.
“We’re really focusing on, How do we leverage relationships with others?” he said. “We want to retool the company and stop content revenues from declining.”
. . . .
Mr. Huseby said executives believed that the company currently held about 20 percent of the e-book market, according to their conversations with major publishers. That would be a decline from two years ago when it was believed to be 25 to 27 percent.
Link to the rest at The New York Times